Nasdaq-listed travel platform MakeMyTrip said it is evaluating a potential listing of its India business, as the company looks to tap domestic capital markets and strengthen its position in its largest market.
In a filing dated 16 March, the company said the move could “provide an additional avenue to access capital, including from domestic institutional and retail investors” and allow it to use India-listed equity for future growth initiatives.
The proposed listing comes after the company completed an internal restructuring to consolidate its key brands under a single Indian entity. As part of the exercise, RedBus India was merged into MakeMyTrip India.
