SCHEDULE 13G/A: Baillie Gifford & Co Amends Stake in MakeMyTrip Ltd, Disclosing 7.35% Passive Ownership
Beneficial Ownership Disclosure
Baillie Gifford & Co, a UK-based investment adviser, has filed an amendment to its Schedule 13G, disclosing a 7.35% beneficial ownership stake in MakeMyTrip Ltd as of March 31, 2025.
Summary
- Baillie Gifford & Co, an investment adviser, filed an Amendment No. 4 to its Schedule 13G regarding its beneficial ownership in MakeMyTrip Ltd.
- As of March 31, 2025, Baillie Gifford & Co beneficially owns an aggregate of 5,155,202 shares of MakeMyTrip Ltd's Common Stock.
- This beneficial ownership represents 7.35% of the class of securities.
- Baillie Gifford & Co holds sole voting power over 4,822,377 shares and sole dispositive power over 5,155,202 shares.
- The securities are held in the ordinary course of business on behalf of investment advisory clients and were not acquired or held for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor. The maintenance of a significant stake (7.35%) by Baillie Gifford & Co in MakeMyTrip Ltd can be interpreted as a neutral to slightly positive signal, indicating continued confidence in the company by a major investment firm, without implying any active management or control intentions.
Positives
- Baillie Gifford & Co, a reputable investment adviser, maintains a significant beneficial ownership of 7.35% in MakeMyTrip Ltd, indicating continued investment interest.
Negatives
- NA (No specific negatives about the company's performance or outlook are disclosed in this ownership filing.)
Risks
- NA (This filing does not detail specific risks related to MakeMyTrip Ltd's operations or financial health.)
Future Outlook
NA (This filing does not provide forward-looking statements or guidance from MakeMyTrip Ltd.)
Management Comments
- NA (This document does not contain quotes or paraphrased statements from MakeMyTrip Ltd's management.)
Industry Context
NA (This filing is a disclosure of beneficial ownership by an investment firm and does not provide industry context for MakeMyTrip Ltd.)
Comparison to Industry Standards
- NA (This document does not provide a comparison of MakeMyTrip Ltd's performance to industry standards or competitors.)
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA (This document does not mention any legal or regulatory proceedings involving MakeMyTrip Ltd.)
Related Party Transactions
- NA (This document does not disclose any related party transactions.)
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which may influence investor sentiment.
Next Steps
- NA (This filing does not outline future actions, events, or milestones for MakeMyTrip Ltd.)
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement. |
| 04/22/2025 | Date of signing the Schedule 13G filing. |
Keywords
MakeMyTrip, Baillie Gifford, Schedule 13G, beneficial ownership, common stock, investment adviser, India travel, online travel agency
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