It’s back in the news. The India listing.
MakeMyTrip said on Tuesday it’s looking into listing its Indian business. “At the appropriate stage.” Those are the magic words. Always.
Dipak Bohra, the CFO, broke down the logic on the earnings call. They’ve finished the internal restructuring. Specifically, merging redBus India into MakeMyTrip Inc. One single entity now handles the key brands.
Why bother?
It’s about the money. And the brand.
“These steps were undertaken… to enable the company to evaluate… access to a differentiated and new pool of capital”
It’s not just about selling shares. It’s about pulling in fresh capital. Institutional money. Retail interest. A bigger footprint for the brand, too.
But when?
Don’t ask Mohit Kabra. The COO said there’s no timeline. None.
First comes the legal cleanup. Then tax. Then regulatory hurdles.
Lots of red tape.
So, should they do it? The market might say yes. The investors are hungry. But the company? They’re walking slowly. Very carefully.
