MakeMyTrip raises Rs 1,458 cr through 0% interest coupon bond
By IANS| Published: 5th February 2021 8:01 pm IST
New Delhi, Feb 5 : Online travel major MakeMyTrip on Friday announced fund raising of $200 million (approximately Rs 1,458 crore) through zero per cent interest coupon bond.
The latest fund raise for the company comes at a time when the travel and tourism industry has been hit hard by the Covid-19 pandemic.
“While the travel industry is in the midst of very difficult times, we are pleased with the overwhelming response to our convertible bond offering,” Mohit Kabra, Group Chief Financial Officer, MakeMyTrip Ltd. said in a statement.