SCHEDULE: GIC Private Limited Reduces Stake in MakeMyTrip

GIC Private Limited reports a 4.87% beneficial ownership stake in MakeMyTrip Limited as of April 21, 2026.

Summary

• GIC Private Limited filed an amendment to its Schedule 13G regarding its investment in MakeMyTrip Limited.
• The reporting person holds a total of 4,374,175 ordinary shares.
• This holding represents 4.87% of the total outstanding ordinary shares of the issuer.
• The calculation is based on 89,851,697 shares outstanding as reported in a Form 6-K dated July 2, 2025.
• GIC maintains sole voting and dispositive power over 3,634,419 shares and shared power over 739,756 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure of institutional portfolio rebalancing with no direct impact on the company's operational strategy.

Positives

• The filing confirms that the securities are not held for the purpose of changing or influencing the control of the issuer.

Negatives

• The reporting person's ownership stake has fallen below the 5% threshold, indicating a reduction in position.

Risks

• Market volatility affecting the valuation of the underlying ordinary shares.
• Regulatory changes in the jurisdictions where MakeMyTrip operates.

Future Outlook

The filing does not provide specific forward-looking guidance regarding the issuer's business operations, as it is a standard ownership disclosure.

Industry Context

StockSavvy.ai notes that institutional shifts in ownership for major travel platforms like MakeMyTrip often reflect portfolio rebalancing by sovereign wealth funds rather than a change in the fundamental outlook of the travel sector.

Comparison to Industry Standards

• The filing follows standard SEC disclosure requirements for institutional investors falling below the 5% reporting threshold.
• GIC's role as a sovereign wealth fund manager is consistent with global institutional investment practices.

Related Party Transactions

• GIC is wholly-owned by the Government of Singapore and manages assets for the Government of Singapore and the Monetary Authority of Singapore.

Stakeholder Impact

• Minor impact on market perception due to the reduction of a significant institutional position below the 5% reporting threshold.

Next Steps

• No further actions required by the issuer based on this filing.

Key Dates

Keywords

MakeMyTrip, GIC Private Limited, Schedule 13G, Institutional Ownership, Travel Technology, Equity Disclosure