Trip.com Group, MakeMyTrip Amend Share Repurchase Deal
Ticker: TRPCF · Form: 6-K · Filed: Jun 24, 2025 · CIK: 1269238
| Field | Detail |
|---|---|
| Company | Trip.Com Group Ltd (TRPCF) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, amendment, agreement
TL;DR
Trip.com & MakeMyTrip amended share buyback; $150M deal now official.
AI Summary
On June 23, 2025, Trip.com Group Limited entered into an amended and restated share repurchase agreement with MakeMyTrip Limited, superseding the original agreement from June 16, 2025. Under the new agreement, MakeMyTrip will pay approximately $150 million to Trip.com for the repurchase of shares.
Why It Matters
This amendment clarifies the terms of a significant share repurchase, potentially impacting Trip.com's outstanding share count and financial structure.
Risk Assessment
Risk Level: low — The filing is an amendment to a previously announced agreement and does not introduce new material risks.
Key Numbers
- $150 million — Share Repurchase Amount (Amount MakeMyTrip will pay Trip.com under the amended agreement.)
Key Players & Entities
- Trip.com Group Limited (company) — Registrant and party to the agreement
- MakeMyTrip Limited (company) — Counterparty to the agreement
- June 23, 2025 (date) — Date of amended and restated share repurchase agreement
- June 16, 2025 (date) — Date of original share repurchase agreement
- $150 million (dollar_amount) — Amount MakeMyTrip will pay for share repurchase
FAQ
What is the primary purpose of the amended and restated share repurchase agreement?
The agreement amends and restates the original share repurchase agreement, with MakeMyTrip Limited agreeing to pay approximately $150 million to Trip.com Group Limited for the repurchase of shares.
When was the original share repurchase agreement entered into?
The original share repurchase agreement was dated June 16, 2025.
What is the new effective date of the share repurchase agreement?
The amended and restated share repurchase agreement was entered into on June 23, 2025.
Who are the parties involved in the share repurchase agreement?
The parties involved are Trip.com Group Limited (the "Company") and MakeMyTrip Limited.
What is the total value of the share repurchase as per the amended agreement?
MakeMyTrip Limited will pay approximately $150 million to Trip.com Group Limited for the repurchase of shares.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 24, 2025 regarding Trip.com Group Ltd (TRPCF).