Travogue Amends MakeMyTrip Stake: Passive Investor Update

TL;DR

**Travogue updated its MakeMyTrip stake, likely reducing its ownership or changing its filing status.**

AI Summary

Travogue Electronic Travel LLP filed an Amendment No. 7 to its SC 13G filing on February 2, 2024, indicating a change in its beneficial ownership of MakeMyTrip Limited's Ordinary Shares as of December 31, 2023. This amendment is filed under Rule 13d-1(d), which typically signifies a passive investor whose ownership has fallen below 5% or is no longer required to file under other rules. This matters to investors because it signals a potential reduction in a significant holder's stake, which could impact market perception or liquidity for MakeMyTrip stock.

Why It Matters

This filing indicates a change in a significant investor's position, which can influence market sentiment and potentially affect the stock's trading dynamics.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, not indicating any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note the change in filing status by Travogue Electronic Travel LLP, which suggests a passive investment approach or a reduced stake. While not inherently negative, it's worth monitoring future ownership changes from other institutional investors for MakeMyTrip Limited.

Key Numbers

• 7 — Amendment Number (This is the seventh amendment to the original SC 13G filing by Travogue Electronic Travel LLP regarding MakeMyTrip Limited.)
• 0.0005 — Par Value per Share (The par value of MakeMyTrip Limited's Ordinary Shares is US$0.0005.)

Key Players & Entities

• Travogue Electronic Travel LLP (company) — the reporting person filing the SC 13G/A
• MakeMyTrip Limited (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• Amendment No. 7 (number) — the specific amendment number to the SC 13G filing
• US$0.0005 (dollar_amount) — par value per share of MakeMyTrip Limited Ordinary Shares

Forward-Looking Statements

• Travogue Electronic Travel LLP's beneficial ownership in MakeMyTrip Limited has likely decreased below the 5% threshold, or they have transitioned to a filing status that no longer requires reporting under 13d-1(b) or (c). (Travogue Electronic Travel LLP) — high confidence, target: N/A

FAQ

Key Financial Figures

• $0.0005 — Issuer) Ordinary Shares, par value US$0.0005 per share (Title of Class of Securiti

Filing Documents

• d753643dsc13ga.htm (SC 13G/A) — 66KB
• 0001193125-24-022482.txt ( ) — 68KB

From the Filing

SC 13G/A 1 d753643dsc13ga.htm SC 13G/A SC 13G/A Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to 240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to 240.13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 7)* MakeMyTrip Limited (Name of Issuer) Ordinary Shares, par value US$0.0005 per share (Title of Class of Securities) V5633W109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 13G CUSIP No. V5633W109 Page 1 of 7 1 Names of Reporting Persons Travogue Electronic Travel LLP 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Citizen or Place of Organization India Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 2,385,100 7 Sole Dispositive Power 0 8 Shared Dispositive Power 2,385,100 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,385,100 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of a Class Represented by Amount in Row 9 3.4% 12 Type of Reporting Person PN 13G CUSIP No. V5633W109 Page 2 of 7 1 Names of Reporting Persons Deep Kalra 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Citizen or Place of Organization India Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 1,886,749 6 Shared Voting Power 2,385,100 7 Sole Dispositive Power 1,886,749 8 Shared Dispositive Power 2,385,100 9 Aggregate Amount Beneficially Owned by Each Reporting Person 4,271,849 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of a Class Represented by Amount in Row 9 6.0% 12 Type of Reporting Person IN 13G CUSIP No. V5633W109 Page 3 of 7 ITEM 1. (a) Name of Issuer: MakeMyTrip Limited (the Issuer) (b) Address of Issuers Principal Executive Offices: 19th Floor, Building No. 5 DLF Cyber ITEM 2. (a) Name of Person Filing: Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of: Travogue Electronic Travel LLP (Travogue) Deep Kalra (b) Address or Principal Business Office: The address of Travogue is 4/22, Ground Floor, Shanti Niketan, Delhi-110021, India. The address of Mr. Deep Kalra is J-6/11A, DLF Phase 2, Gurugram, 122002, India. (c) Citizenship of each Reporting Person is: Each of the Reporting Persons is a citizen of the Republic of India. (d) Title of Class of Securities: Ordinary Shares, $0.0005 par value per share (Ordinary Shares). (e) CUSIP Number: V5633W109 ITEM 3. Not applicable. 13G CUSIP No. V5633W109 Page 4 of 7 ITEM 4. The ownership information presented below represents beneficial ownership of Ordinary Shares of the Issuer as of the date hereof, based on 69,396,934 Ordinary Shares outstanding as of December 31, 2023. Reporting Person Amount beneficially owned Percent of class: Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Travogue Electronic Travel LLP (1) 2,385,100 3.4 % 0 2,385,100 0 2,385,100 Deep Kalra (2) 4,271,849 6.0 % 1,886,749 2,385,100 1,886,749 2,385,100 (1) Travogue is the record holder of 2,385,100 Ordinary Shares. (2) 4,271,849 Ordinary Shares shown above as beneficially owned by Mr. Deep Kalra includes 2,385,100 Ordinary Shares held by Travogue. Mr. Deep Kalra and his spouse are the sole partners in Travogue as of the date hereof and, accordingly, may be deemed to share beneficial ownership of the 2,385,100 Ordinary Shares held of record by Travogue. Mr. Kalra also beneficially owns 1,886,749 Ordinary Shares in his individual capacity, which comprises of (i) 656,564 Ordinary Shares held by him in his own name

View Full Filing

View this SC 13G/A filing on SEC EDGAR