MakeMyTrip Limited (MMYT) has announced a fresh sale of equity shares on NASDAQ; according to the prospectus filed with the United States Securities and Exchange Commission (SEC), the offering may be of up to 6.9 million shares, and at a maximum of $26.22 per share, this would amount to up to $180,918,000. When we last checked,the price of MMYT shares stands at $24.44( down 1.29%) at the end of day on May 26, 2011. Morgan Stanley and Deutsche Bank Securities Inc. Pacific Crest Securities LLC and Oppenheimer & Co. Inc. will underwrite the listing where Pacific Crest and Oppenheimer will act as co-managers. Who Is Selling, And How Much Of the shares that will be offered to the public, 1,600,000 ordinary shares (worth $39,104,000 at current rates) will be sold by MMYT, 4,400,000 ordinary shares (worth $107,536,000 at current rates) will be sold by other shareholders, and there is an an over-allotment option for up to 900,000 ordinary shares (worth $21,996,000 at current rates). In total, at current rates, the offering could amount to $168,636,000. So, who, among MMYT's key shareholders, is selling? According to the prospectus: - SAIF Partners: is selling 3,034,800 shares (worth $74,170,512 at current rates). The shareholding of SB Asia Investment Fund II L.P. will come down to 31.54% of the issued and outstanding shares of the company, from its current shareholding of 41.68% - Helion Venture Partners: selling 707,805 shares (worth $17,298,754.2 at current rates). Its shareholding will come down to 7.36% - Management: Founder Keyur Joshi is selling…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...