Trip.com Enhances Relationship with MakeMyTrip Through Strategic Share Repurchase Agreement

Strategic Share Repurchase: Strengthening Ties Between Trip.com and MakeMyTrip

In a significant move to optimize its investment portfolio, Trip.com Group Limited has entered into a share repurchase agreement with MakeMyTrip Limited. This agreement, announced on June 16, 2025, marks a pivotal moment in the evolving relationship between the two travel service providers. Trip.com, a leading player in the travel industry with a diverse array of brands, will sell a portion of its Class B ordinary shares back to MakeMyTrip for cancellation. This strategic decision not only reinforces Trip.com’s commitment to enhancing shareholder returns but also underscores its confidence in MakeMyTrip’s growth trajectory as it retains its status as the largest minority shareholder.

The transaction is expected to have far-reaching implications for both companies. By canceling the shares, MakeMyTrip aims to improve its financial metrics and signal to the market its robust operational capabilities. This buyback is facilitated through a dual offering of convertible senior notes and an underwritten public offering of ordinary shares, reflecting a proactive approach to raising capital and managing equity effectively. The 180-day lock-up period agreed upon by Trip.com Group serves to stabilize the share price and provide a buffer for both companies during this transitional phase, fostering a sense of security among investors and stakeholders.

Trip.com Group’s reputation as a comprehensive travel platform positions it favorably in the competitive landscape of travel services. With a mission to create "the perfect trip for a better world," the company has cultivated a strong customer base across Asia and beyond, making it a trusted choice for many travelers. By continuing to support MakeMyTrip while optimizing its own holdings, Trip.com not only strengthens its market position but also enhances the potential for collaborative growth and innovation in the travel sector.

In related developments, stakeholders are encouraged to connect with Trip.com Group’s Investor Relations team for further information on the share repurchase agreement and its implications. This collaboration underscores the importance of strategic partnerships in the rapidly evolving travel industry, where adaptability and foresight are crucial for sustained success. As both companies navigate the complexities of the market, their commitment to delivering exceptional travel experiences remains at the forefront of their operations.