MakeMyTrip has moved forward with a confidential filing of its draft red herring prospectus (DRHP) for an initial public offering in India, valued at upwards of $1 billion, or over ₹9,600 crore. The share sale is anticipated to primarily consist of an offer for sale, which will provide current shareholders an opportunity to reduce their holdings. The company has selected Kotak Mahindra Capital, Axis Capital, JP Morgan, and Morgan Stanley to serve as advisors for the upcoming public issue.

by shortkt.com✓

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