04:35 AM EDT, 06/17/2025 (MT Newswires) -- MakeMyTrip ( MMYT ) said late Monday it is launching a proposed primary offering of 14 million ordinary shares.

Underwriters will have a 13-day option to purchase up to 2.1 million additional shares, MakeMyTrip ( MMYT ) said.

The company said separately it also plans to offer $1.25 billion worth of convertible senior notes due 2030 to qualified institutional buyers, with initial purchasers expected to receive a 13-day option to purchase up to $187.5 million of additional notes.

Proceeds from both offerings will be used to repurchase class B shares from Trip.com Group ( TCOM ) , the company said.

In its own statement, Trip.com ( TCOM ) said it will remain the largest minority shareholder of MakeMyTrip ( MMYT ) following the proposed repurchase.