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MakeMyTrip, an online travel firm has said that it is going to raise USD 330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and Naspers’ arm MIH Internet for fund expansion.
The company enters into share purchase agreements with undisclosed investors for placement of its ordinary shares that has been expected to generate gross proceeds of USD 165 million.
The company is going to issue 4,583,334 ordinary shares in aggregate to investors at USD 36 per scrip.
