Market Chatter: MakeMyTrip Hires Advisers for Potential India IPO

MT Newswires Live04-29

MakeMyTrip (MMYT) is considering a listing in India and has hired Axis Capital, Morgan Stanley (MS) and JPMorgan Chase (JPM) as advisers for the proposed share sale, Bloomberg reported Wednesday, citing unnamed sources familiar with the matter.

The company is targeting a potential Mumbai listing as early as Q1 2027, though details, including size and valuation, are still under discussion and could change, the report said.

The company also told the news outlet it is evaluating a local listing to broaden access to capital, including domestic institutional and retail investors, as well as to support future growth initiatives.

MakeMyTrip did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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