Flight Control: MakeMyTrip Buys Back Power from Trip.com in $3B Deal

Unknown Apr 02, 2026 850 Views

In a record move for India's e-travel sector, MakeMyTrip announced a massive $3 billion share buyback by Chinese-based firm Trip.com Group, reducing the latter's stake from 45.34% to 19.99%. The transaction, funded through a mix of equity and convertible senior notes, is the largest capit...