Towards establishing a global Footprint, India's largest online travel company Make Mytrip has intended to get listed in the US stock exchange NASDAQ and plans to raise as much as $100 Millions. It is the first such listing by any Indian company in last four years.
The Gurgaon based firm intends to use the proceeds of the share sale to expand its operations by acquiring or investing in strategic assets that complement its services and product offering. The company also plans to use the money to enhance technology and for meeting working capital needs.
The number of shares to be offered and the price range for the offering have not yet been determined.The company has a presence in Flight, holidays, Tours and Travels as ell as railway and online bus bookings.
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