MakeMyTrip Limited (MMYT) has announced a fresh sale of equity shares on NASDAQ; according to the prospectus filed with the United States Securities and Exchange Commission (SEC), the offering may be of up to 6.9 million shares, and at a maximum of $26.22 per share, this would amount to up to $180,918,000. When we last checked,the price of MMYT shares stands at $24.44( down 1.29%) at the end of day on may 26, 2011. Morgan Stanley and Deutsche Bank Securities Inc. Pacific Crest Securities LLC and Oppenheimer & Co. Inc. will underwrite the listing where Pacific Crest and Oppenheimer will act as co-managers.
Who is Selling, And how Much (more…)