SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 6.6% Stake in MakeMyTrip Limited

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a continued beneficial ownership of 6.6% of MakeMyTrip Limited's common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 4,605,060.83 shares of MakeMyTrip Limited's common stock.
• This ownership represents 6.6% of the total outstanding common stock of MakeMyTrip Limited.
• FMR LLC holds sole voting power over 4,586,746.46 shares and sole dispositive power over 4,605,060.83 shares.
• Abigail P. Johnson holds sole dispositive power over 4,605,060.83 shares, with no sole or shared voting power.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The filing confirms 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 the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine Schedule 13G amendment, indicating a stable beneficial ownership stake by FMR LLC and Abigail P. Johnson, with no new material positive or negative information regarding the issuer's operations or financial health.

Positives

• The continued significant beneficial ownership by a major institutional investor like FMR LLC and its principal, Abigail P. Johnson, may signal ongoing confidence in MakeMyTrip Limited's long-term prospects.
• The filing indicates that the shares are held in the ordinary course of business, suggesting a passive investment rather than an activist stance.

Future Outlook

N/A

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant institutional investor and does not provide specific insights into broader industry trends or competitive dynamics within the online travel sector.

Related Party Transactions

• Abigail P. Johnson is identified as 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 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, which may deem them to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Stakeholder Impact

• Shareholders: Provides transparency regarding the continued significant institutional ownership by FMR LLC and Abigail P. Johnson, which can be viewed as a sign of stability and confidence from a major investor.

Key Dates

Keywords

MakeMyTrip Limited, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, travel technology