SCHEDULE 13G/A: FIL Limited and Affiliates Maintain 1.9% Passive Stake in MakeMyTrip Limited
Beneficial Ownership Disclosure
FIL Limited, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., has filed an amended Schedule 13G disclosing a passive beneficial ownership of 1.9% in MakeMyTrip Limited as of March 31, 2025.
Summary
- FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. collectively reported beneficial ownership of 1,364,622 shares of MakeMyTrip Limited common stock.
- This ownership represents 1.9% of the total outstanding class of securities.
- FIL Limited holds sole voting power over 1,021,492 shares and sole dispositive power over 1,364,622 shares.
- Pandanus Partners, L.P. and Pandanus Associates, Inc. each hold sole dispositive power over 1,364,622 shares, with no sole or shared voting power.
- The filing is an Amendment No. 7 to a previous Schedule 13G, indicating an ongoing reporting requirement.
- 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.
Sentiment
Score: 5
Explanation: This is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership, which inherently carries a neutral sentiment as it does not contain performance data or forward-looking statements from the issuer.
Future Outlook
NA
Industry Context
This Schedule 13G filing is a routine disclosure of beneficial ownership by institutional investors and does not provide specific insights into broader industry trends or competitive dynamics for MakeMyTrip Limited.
Related Party Transactions
- Pandanus Partners, L.P. (Pandanus) is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson. However, Pandanus disclaims that any such member is a beneficial owner of the securities reported on this Schedule 13G.
Stakeholder Impact
- Shareholders are informed of the continued passive institutional holding by FIL Limited and its affiliates in MakeMyTrip Limited.
Key Dates
| Date | Description |
|---|---|
| December 19, 2022 | Effective date of Power of Attorney for FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. |
| January 31, 2023 | Date of previous Schedule 13G filing by FIL Limited (accession number: -23-000005), referenced for Power of Attorney incorporation. |
| March 31, 2025 | Date of event which requires the filing of this statement (measurement date for beneficial ownership). |
| May 9, 2025 | Signature date for FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. on the Schedule 13G. |
Keywords
MakeMyTrip Limited, FIL Limited, Pandanus Partners, Pandanus Associates, Schedule 13G, beneficial ownership, common stock, passive investment, SEC filing, travel technology, online travel agency
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