MakeMyTrip has raised Rs 34.68 crore by issuing 4,95,500 equity shares to its holding entity at a price of Rs 700 per share. This is the second tranche from the company’s offshore entity in Q1 FY20.
The Mauritius-based holding company had poured in Rs 100 crore earlier this year in April. This development comes after the company posted $1.4 billion in gross bookings in the first quarter of this year. (Source: MCA)
Gaurav is the Research Lead @ Entrackr and overlooks money trails and financial data as part of the Fintrackr Team. A graduate from the University of Delhi who consequently joined The Institute of Chartered Accountants of India, he aims to write in-depth reports on startups and emerging businesses.
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