Indian online travel company MakeMy Trip aims to raise up to $113 million this week by selling 4.5 million shares, according to a term sheet seen by FinanceAsia.
The New Delhi company wants to sell three million ordinary shares and several shareholders have proposed the sale of a further 1.5 million shares. Shareholders have 30 days to purchase an additional 675,000 shares, the company said in a statement.
The three-day bookbuild started Tuesday, with shares expected to price late Thursday at the close of US markets, bankers close to the deal told FinanceAsia. There is a 45-day lockup period.
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