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S&R advises MakeMyTrip on Naspers-Ctrip share swap

Nasdaq-listed MakeMyTrip Ltd (MMYT) has announced a change in the company’s shareholding as Naspers and Ctrip International have entered into a share exchange transaction agreement. Naspers will exchange its entire shareholding in MakeMyTrip for newly issued shares of Ctrip and Ctrip will acquire Naspers’ current shareholding in MMYT. ... Post the transaction, Naspers will own 5.6 percent of Ctrip’s outstanding ordinary shares, and Ctrip and the third-party investment entity will own ordinary shares and class B shares of MakeMyTrip representing approximately 49 percent and 4 percent of MakeMyTrip’s total voting rights, respectively.

S&R Associates advised MakeMyTrip Limited led by a team of partner Rajat Sethi, counsel Simran Dhir, associates Dhruv Agarwal and Ishika Rout.


Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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