MakeMyTrip Limited (MMYT) is trading at $92.13, down 8.68 percent, or $8.75, on Tuesday possibly after the company announced yesterday a proposed primary equity offering of 14 million ordinary shares and a $1.25 billion convertible senior notes offering due 2030.
The stock opened at $90.50 and has ranged between $87.71 and $93.70 so far today on the Nasdaq. Trading volume has surged to 4.06 million shares compared to the average volume of 710,236. The stock's 52-week range is $76.95 to $123.00.
The offerings, subject to market conditions, aim to raise capital through underwritten and private placements, with final pricing and terms yet to be determined.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.