SCHEDULE: Fidelity Discloses 10% Passive Stake in MakeMyTrip Limited
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson, representing Fidelity, have disclosed a 10.0% beneficial ownership stake in MakeMyTrip Limited, signaling significant institutional confidence.
Summary
- FMR LLC and Abigail P. Johnson have filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in MakeMyTrip Limited's Common Stock.
- As of June 30, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 9,011,895.06 shares of MakeMyTrip Limited's Common Stock.
- This aggregate amount represents 10.0% of the class of outstanding Common Stock.
- FMR LLC holds sole voting power over 8,963,299.28 shares and sole dispositive power over 9,011,895.06 shares.
- Abigail P. Johnson holds sole dispositive power over 9,011,895.06 shares.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of MakeMyTrip Limited.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual, with several FMR LLC subsidiaries and affiliates also listed as entities that beneficially own shares.
Sentiment
Score: 7
Explanation: The acquisition of a 10% passive stake by a major institutional investor like Fidelity is generally viewed as a positive signal of confidence in the company's long-term prospects and stability.
Positives
- FMR LLC and Abigail P. Johnson, representing Fidelity, have disclosed a 10.0% beneficial ownership stake in MakeMyTrip Limited, indicating significant institutional confidence in the company.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a long-term, passive investment strategy by a major financial institution.
Risks
- The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating potential risks associated with activist investor involvement.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding MakeMyTrip Limited's future performance or strategic direction.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing indicates a significant passive investment by a major financial institution in MakeMyTrip Limited, an online travel company. Such investments reflect broader institutional interest in the travel technology sector, particularly in companies with established market positions.
Related Party Transactions
- Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power. The Johnson family group and other Series B shareholders have a voting agreement to vote in accordance with the majority, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940.
Stakeholder Impact
- Shareholders may view the significant 10.0% stake by a reputable institutional investor like FMR LLC (Fidelity) as a positive indicator of confidence in MakeMyTrip Limited's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2025-06-30 | Date of event which required the filing of this statement (ownership threshold crossed). |
| 2025-07-07 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Recommendation
holdKeywords
MakeMyTrip Limited, FMR LLC, Fidelity, Schedule 13G, beneficial ownership, common stock, institutional investment, travel technology, online travel, passive investment
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