MakeMyTrip to raise up to $3 billion to buy back Trip.com’s stake in company
Online travel agency MakeMyTrip has said that it plans to raise up to $3 billion to repurchase shares from one of its key stakeholders, China-based Trip.com, according to a filing with the New York’s Nasdaq stock exchange. The funds will be raised through a combination of equity and convertible senior notes, the company said. “We…