Filing Details
- Accession Number:
- 0000950170-25-087873
- Form Type:
- 13D Filing
- Publication Date:
- 2025-06-17 20:00:00
- Filed By:
- Trip.com Group Limited
- Company:
- Makemytrip Limited (NASDAQ:MMYT)
- Filing Date:
- 2025-06-18
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Trip.com Group Limited | 19,743,700 | 0 | 19,743,700 | 0 | 19,743,700 | 19.99% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
|
MakeMyTrip Limited (Name of Issuer) |
Ordinary Shares, par value US$0.0005 per share (Title of Class of Securities) |
V5633W109 (CUSIP Number) |
Cindy Xiaofan Wang 30 Raffles Place, #29-01, Singapore, U0, 048622 65 3138-9736 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
06/16/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | V5633W109 |
| 1 |
Name of reporting person
Trip.com Group Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
SC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
19,743,700.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.99 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Note to Rows (7), (9) and (11): Includes 10,773,694 Ordinary Shares (as defined below) and 8,970,006 Class B Shares (as defined below) of the Issuer. The number of Class B Shares presented here is the result of (i) the Class B Shares beneficially owned by the Reporting Person as of June 16, 2025, minus (ii) the expected repurchase by the Issuer from the Reporting Person pursuant to the Share Repurchase Agreement (as defined below) of a certain number of Class B Shares as determined in accordance with the provisions therein (assuming the option to purchase additional Ordinary Shares in the Issuer's Primary Share Offering (as defined below) and the option to purchase additional convertible senior notes in the Issuer's Convertible Senior Notes Offering (as defined below) are both fully exercised).
Note to Row (13): The percentage presented here is calculated based on 71,397,878 Ordinary Shares issued and outstanding and 39,667,911 Ordinary Shares issuable upon conversion of the Class B Shares issued and outstanding, each as of June 16, 2025, and by taking into account (i) the expected issuance of 18,400,000 Ordinary Shares through the Primary Share Offering (assuming the option to purchase additional Ordinary Shares is fully exercised), and (ii) the expected repurchase by the Issuer from the Reporting Person pursuant to the Share Repurchase Agreement of a certain number of Class B Shares as determined in accordance with the provisions therein (assuming the option to purchase additional Ordinary Shares in the Issuer's Primary Share Offering and the option to purchase additional convertible senior notes in the Issuer's Convertible Senior Notes Offering are both fully exercised).
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Ordinary Shares, par value US$0.0005 per share | |
| (b) | Name of Issuer:
MakeMyTrip Limited | |
| (c) | Address of Issuer's Principal Executive Offices:
19th Floor, Building No. 5, DLF Cyber City, Gurugram,
INDIA
, 122002. | |
Item 1 Comment:
This Amendment No. 5 to Schedule 13D ("Amendment No. 5") amends and supplements the statement on Schedule 13D that was initially filed by Trip.com Group Limited (the "Reporting Person") with the Securities and Exchange Commission (the "Commission") on January 25, 2016, then amended and supplemented by Amendment No. 1 on October 26, 2016, Amendment No. 2 on May 10, 2017, Amendment No. 3 on April 30, 2019 and Amendment No. 4 on September 3, 2019 (as amended and supplemented, the "Schedule 13D"), relating to the ordinary shares, par value US$0.0005 per share (the "Ordinary Shares"), of MakeMyTrip Limited (the "Issuer"). Except as expressly set forth herein, this Amendment No. 5 does not modify any of the information previously reported on the Schedule 13D. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The information set forth in the Exhibits attached hereto and to the Schedule 13D filing is expressely incorporated herein by reference. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D. | ||
| Item 2. | Identity and Background | |
| (a) | Trip.com Group Limited | |
| (b) | The second and third paragraphs of Item 2 of the Schedule 13D are hereby amended and restated as follows:
The principal business and office address of the Reporting Person is 30 Raffles Place, #29-01, Singapore 048622.
Trip.com Group Limited is a leading global one-stop travel service provider, integrating a comprehensive suite of travel products and services and differentiated travel content.
Schedule A to the Schedule 13D is hereby replaced in its entirety by the Schedule A attached hereto, which is hereby incorporated by reference. | |
| (d) | No | |
| (e) | No | |
| (f) | Cayman Islands | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following information:
The Reporting Person and the Issuer entered into a Share Repurchase Agreement dated June 16, 2025 (the "Share Repurchase Agreement"), attached hereto as Exhibit 1, pursuant to which the Reporting Person agreed to sell, and the Issuer agreed to purchase, a portion of the Class B Shares beneficially owned by the Reporting Person.
To fund the Repurchase, the Issuer has launched an offering of convertible senior notes (the "Convertible Senior Notes Offering") and an underwritten public offering of Ordinary Shares (the "Primary Share Offering"), and may also utilize up to $200,000,000 of cash if the net proceeds from the Convertible Senior Notes Offering and the Primary Share Offering are insufficient to reduce the Reporting Person's total voting power to 19.99%. The repurchase price for each Class B Share is equal to the offering price per Ordinary Share in the Primary Share Offering (US$90.00) minus underwriting discounts and commissions per Ordinary Share in the Primary Share Offering. The closing of the Repurchase is contingent upon the closing of the Convertible Senior Notes Offering and the Primary Share Offering, among other conditions.
The foregoing description of the Share Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Share Repurchase Agreement (including the exhibits), which is filed as Exhibit 1 hereto and hereby incorporated by reference.
Subject to mutual agreement between the Issuer and the Reporting Person, if the underwriters of the Primary Share Offering exercise their option in full or in part to purchase additional ordinary shares and/or the initial purchasers in the Convertible Senior Notes Offering exercise their option in full or in part to purchase additional convertible bonds, following such exercise by the underwriters and/or the initial purchasers, the Reporting Person's beneficial ownership in the Issuer may further change as the reference to the Reporting Person's total voting power of "19.99%" in the Share Repurchase Agreement may be changed to "between 16.90% to 19.99%". | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Schedule 13D and the information set forth in or incorporated by reference in Item 4 of this Amendment No. 5 are incorporated by reference in their entirety into this Item 4 and are hereby amended and supplemented by adding the following information:
The Reporting Person entered into the Share Repurchase Agreement as a part of its efforts to optimize investment portfolio and enhance shareholder returns. Following completion of the Repurchase, the Reporting Person will remain the largest minority shareholder of the Issuer and continue to support the growth of the Issuer. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The second sentence of the first paragraph of Items 5(a) and (b) of the Schedule 13D is hereby amended and restated as follows:
The calculation of percentage of beneficial ownership of outstanding Ordinary Shares in this Item 5(a) and (b) and elsewhere in this Schedule 13D is based on 71,397,878 Ordinary Shares issued and outstanding and 39,667,911 Ordinary Shares issuable upon conversion of the Class B Shares issued and outstanding, each as of June 16, 2025, and by taking into account (i) the expected issuance of 18,400,000 Ordinary Shares through the Primary Share Offering (assuming the option to purchase additional Ordinary Shares is fully exercised), and (ii) the expected repurchase by the Issuer from the Reporting Person pursuant to the Share Repurchase Agreement of a certain number of Class B Shares as determined in accordance with the provisions therein (assuming the option to purchase additional Ordinary Shares in the Primary Share Offering and the option to purchase additional convertible senior notes in the Convertible Senior Notes Offering are both fully exercised). | |
| (b) | See Item 5(a). | |
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 1: Share Repurchase Agreement dated June 16, 2025 between MakeMyTrip Limited and Trip.com Group Limited | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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