MakeMyTrip Completes Convertible Note Repurchase Offer with No Tenders
summarizeSummary
MakeMyTrip announced the completion of its convertible note repurchase offer, with no noteholders tendering their notes, thus avoiding a cash outlay for the company.
check_boxKey Events
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Repurchase Offer Concludes
The repurchase right offer for the 0.00% Convertible Senior Notes due 2028 expired on February 12, 2026.
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No Notes Tendered
None of the noteholders exercised their right to surrender their notes for repurchase, resulting in a nil repurchase price.
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$230 Million Notes Remain Outstanding
The aggregate principal amount of $230,000,000 of convertible notes remains outstanding, with no change to the company's debt structure from this offer.
auto_awesomeAnalysis
This filing provides the final results of MakeMyTrip's repurchase right offer for its 0.00% Convertible Senior Notes due 2028, which was initiated on January 12, 2026. The offer concluded with no noteholders electing to surrender their notes for repurchase. This outcome means the company will not incur any cash outflow for this event, and the full $230 million aggregate principal amount of notes remains outstanding. This avoids a potential cash expenditure for the company and suggests noteholders are content to hold the convertible debt.
At the time of this filing, MMYT was trading at $58.71 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $53.09 to $113.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.