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MakeMyTrip Limited (symbol: MMYT) is India's pioneering online travel company, established in 2005. As the first travel portal in the country, MakeMyTrip revolutionized the way Indians purchase travel services with a wide range of offerings, convenience of online transactions, and competitive pricing.
Over the years, MakeMyTrip has consistently led the market with innovative products and services. The company's core business segments include Air Ticketing, Hotels and Packages, and Bus Ticketing. The Hotels and Packages segment, which includes internet-based platforms, call centers, and branch offices, generates the maximum revenue. This segment provides comprehensive holiday packages and hotel reservations.
MakeMyTrip also offers a robust Air Ticketing service, allowing users to book both domestic and international flights through its online platform. Additionally, it has an offline presence with over 60 stores across India, ensuring accessibility for a broader audience.
In August 2010, MakeMyTrip had a successful IPO on NASDAQ, becoming the first Indian travel company to list overseas. This milestone underscores the company's growth and credibility in the international market. MakeMyTrip has also expanded its global footprint by acquiring international entities such as the luxury tours and travel agency, Luxury Tours and Travel Pte Ltd, in Singapore in 2011, followed by acquisitions in Thailand.
The company has been recognized as one of the top ten ‘Best Companies to Work For in India’ for four consecutive years (2010-2013). MakeMyTrip's website attracted over 7.8 million unique visitors per month in the fiscal year 2015, highlighting its strong online presence.
Geographically, MakeMyTrip derives a majority of its revenue from India but also has a presence in the United States, South East Asia, Europe, and other countries. The company's continuous efforts to innovate and expand have solidified its position as a leader in the travel industry.
MakeMyTrip Limited (NASDAQ: MMYT) announced a partnership with Hopper on October 14, 2021. This collaboration aims to enhance customer experience in flight bookings by integrating Hopper's Price Freeze technology with MakeMyTrip’s Price Lock feature.
The Price Lock feature allows travelers to secure flight fares for up to seven days, addressing the rising demand for flexible travel options in a post-pandemic world. The partnership is expected to increase conversions and revenue while providing users with greater fare transparency and protection against airfare volatility.
MakeMyTrip Limited (NASDAQ: MMYT), India’s leading online travel company, will hold its annual shareholder meeting on September 8, 2021, at 5:00 PM IST in Gurugram. The notice of the meeting and proxy forms were published on August 9, 2021. Shareholders can access the annual report and audited financial statements for the fiscal year ending March 31, 2021, on the company’s investor relations website. Copies are available free of charge via email request to the investor relations department.
MakeMyTrip Limited (Nasdaq: MMYT) is set to release its fiscal 2022 Q1 financial and operational results on July 27, 2021, before market opening. The results will be made available on their Investor Relations website, with no newswire distribution. Additionally, a live Zoom Webinar featuring the senior management team will take place at 7:30 am EDT. Interested participants can register online and will receive a confirmation email with access details. A replay of the webinar will be posted on the company's website shortly after the live presentation.
MakeMyTrip Limited (Nasdaq: MMYT) will announce its fiscal 2021 fourth quarter and full year results on May 25, 2021, prior to market opening. The results will be available on the Investor Relations website, and a conference call is scheduled for 7:30 AM EDT. Dial-in details are provided for participation. MakeMyTrip operates popular travel brands, including MakeMyTrip, goibibo, and redbus, offering various services like air ticketing, hotel bookings, and holiday planning.
MakeMyTrip Limited (Nasdaq: MMYT) announced the pricing of $200 million in convertible senior notes due 2028, increasing from a prior offering of $175 million. The notes have a conversion rate set at 25.8035 ordinary shares per $1,000 principal amount, translating to an approximate conversion price of $38.75 per share. Proceeds from this offering, estimated at $194.5 million, will be utilized for working capital and general corporate purposes. Settlement of the sale is anticipated on February 9, 2021, subject to customary closing conditions.
MakeMyTrip Limited (Nasdaq: MMYT) announced plans to offer up to $175 million in convertible senior notes due 2028. The offering includes an option for initial purchasers to acquire an additional $25 million. The notes will be senior, unsecured obligations and convertible into ordinary shares. The proceeds will be utilized for working capital and general corporate purposes. The offering is subject to market conditions, and there are no assurances that it will be completed.
MakeMyTrip Limited (Nasdaq: MMYT) is set to announce its fiscal 2021 Q3 results on January 28, 2021, before market opening. The results will be available on the company's Investor Relations website. A conference call led by senior management will follow at 7:30 AM EST (6:00 PM IST) to discuss the results, with dial-in options provided for U.S. and international participants. A replay will be available for one week post-call, and a webcast will be accessible for one month.
MakeMyTrip Limited (Nasdaq: MMYT) will announce its fiscal 2021 second quarter results on October 27, 2020, prior to market opening. The results will be accessible on the company's Investor Relations website, and a conference call will follow at 7:30 AM EDT. Investors can join the call using the provided U.S. toll-free and international dial-in numbers. The company operates popular online travel brands like MakeMyTrip, Goibibo, and RedBus, offering a range of travel services from air ticketing to holiday planning.
MakeMyTrip Limited (NASDAQ: MMYT) announced its annual shareholder meeting to be held on September 30, 2020, at 5:00 PM IST in Gurugram, India. The meeting will address the company's performance and future strategies. Shareholders can access the annual report and financial statements for the year ending March 31, 2020, on the company's investor relations website. Additionally, documents are available upon email request. MakeMyTrip is recognized as India's leading online travel service provider, offering a comprehensive range of travel products both domestically and internationally.
MakeMyTrip Limited (Nasdaq: MMYT) is set to release its fiscal 2021 first quarter results on August 21, 2020, before market opening. The financial results will be available on the company's Investor Relations website, and there will be no distribution over newswires. The management will discuss the results during a conference call at 7:30 AM EDT. Investors can access the call via a U.S. toll-free number or an international dial-in. A replay will be available afterwards. MakeMyTrip operates popular travel platforms including MakeMyTrip, goibibo, and redbus.
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