Conyers Dill & Pearman has? advised MakeMyTrip Limited on its US $70 million IPO ?on the Nasdaq Global Market on August 17, 2010.
Thought this was interesting simply to see a Mauritian company on a major US exchange for the first time.
MakeMyTrip Limited is the first ?ever Mauritius incorporated company to list on a major New York stock exchange. ?The transaction is a landmark for Mauritius, as it clearly demonstrates that ?Mauritius is an accepted jurisdiction for major listings due to its robust ?systems of corporate governance, and paves the way for future US listings ?through Mauritius.
MakeMyTrip Limited is the parent company of India?s largest online travel ?company, which is backed by several major private equity funds and provides ?access to all major domestic full-service and low-cost airlines operating in ?India, all major airlines operating to and from India, over 4,000 hotels in ?India and a wide selection of hotels outside India, Indian Railways and several ?major Indian bus operators.
