India’s MakeMyTrip to price $115m follow-on by Friday

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By Clare Hammond
13 Mar 2014

Indian travel website MakeMyTrip is marketing a follow-on deal worth up to $115m this week, comprising both primary and secondary shares, with a view to pricing the trade by Friday.

The firm announced the deal after markets closed on Monday night. The company is listed on the Nasdaq exchange in the US, so the shares are mainly being marketed to US investors, but European and Asian accounts will also be targeted, according to a banker on the deal.

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