DK Business Network
Shardul Amarchand Mangaldas & Co provided legal advice to Trip.com Group. Trip.com is an eminent travel service platform based in China, regarding its crucial share repurchase agreement with MakeMyTrip Limited, India online travel company.
The transaction valued at around $3 billion, involved the repurchase of a large transaction portion of Class B ordinary shares held by Trip.com Group in MakeMyTrip. The financial conclusion of this deal underscores the ongoing commitment and collaboration between the two travel companies.
The transaction of Shardul Amarchand Mangaldas was managed by a skilled team which is led by Partner Gouri Puri, along with Counsel Rahul Yadav, Principal Consultant Nimish Malpani. Their combined expertise ensured a smooth negotiation process and adherence to regulatory frameworks.
MakeMyTrip founded in 2000 by Deep Kalra, established itself as a pioneer in India’s online travel sector. It provides the booking of airline tickets, arranging domestic & international holiday packages, facilitating hotel reservations and rail & bus ticketing options.
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