<p>Online travel firm MakeMyTrip has decided to raise $330 million through private placement of its shares, and by selling shares to some of its existing shareholders.<br /><br /> The company has entered into definitive share purchase agreements for the placement of its ordinary shares, which is expected to generate gross proceeds of $165 million. Under the terms of the share purchase agreements for the placement, the company will issue 45,83,334 ordinary shares in the aggregate to investors at a price of $36 per ordinary share, MakeMyTrip said.<br /><br /> Simultaneously with the placement, MakeMyTrip also entered into share purchase agreements with Ctrip.com International for the issuance of its ordinary shares to Ctrip and MIH Internet SEA, a subsidiary of Naspers, for the issuance of Class B convertible ordinary shares to MIH, which will generate an additional $165 million of gross proceeds for the company.</p>
<p>Online travel firm MakeMyTrip has decided to raise $330 million through private placement of its shares, and by selling shares to some of its existing shareholders.<br /><br /> The company has entered into definitive share purchase agreements for the placement of its ordinary shares, which is expected to generate gross proceeds of $165 million. Under the terms of the share purchase agreements for the placement, the company will issue 45,83,334 ordinary shares in the aggregate to investors at a price of $36 per ordinary share, MakeMyTrip said.<br /><br /> Simultaneously with the placement, MakeMyTrip also entered into share purchase agreements with Ctrip.com International for the issuance of its ordinary shares to Ctrip and MIH Internet SEA, a subsidiary of Naspers, for the issuance of Class B convertible ordinary shares to MIH, which will generate an additional $165 million of gross proceeds for the company.</p>
