SCHEDULE 13G/A: MakeMyTrip Co-Founder Deep Kalra and Travogue Disclose Updated Beneficial Ownership Stake

An amended Schedule 13G filing reveals that MakeMyTrip Limited co-founder Deep Kalra and Travogue Electronic Travel LLP collectively hold a 5.1% beneficial ownership stake in the company as of December 31, 2024.

Summary

• Travogue Electronic Travel LLP, an entity where Deep Kalra and his spouse are sole partners, beneficially owns 2,352,900 Ordinary Shares of MakeMyTrip Limited, representing 3.3% of the class.
• Deep Kalra individually beneficially owns 3,678,248 Ordinary Shares, which includes the shares held by Travogue, representing 5.1% of the class.
• Mr. Kalra's individual beneficial ownership of 1,325,348 shares comprises 297,342 shares in his own name, 317,112 shares from vested Restricted Stock Units (RSUs) as of December 31, 2024, 116 shares from RSUs vesting within 60 days of December 31, 2024, 705,300 shares from currently exercisable ESOPs, and 5,478 shares held by his spouse.
• The percentages are calculated based on 71,527,402 Ordinary Shares outstanding as of December 31, 2024, with Mr. Kalra's percentage additionally including his vested/exercisable RSUs and ESOPs, and shares held by his spouse.
• The filing is an Amendment No. 8 to a Schedule 13G, indicating an update to previously reported beneficial ownership information.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Risks

• Concentration of ownership: While not explicitly a risk mentioned in the document, a significant portion of the company's shares are held by a single individual and an entity controlled by that individual, which could influence corporate decisions.

Related Party Transactions

• Deep Kalra and his spouse are the sole partners in Travogue Electronic Travel LLP, indicating a related party relationship in the beneficial ownership structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership stake of a key co-founder and related entity, which can be relevant for corporate governance and long-term strategic alignment.

Key Dates

Keywords

MakeMyTrip Limited, Deep Kalra, Travogue Electronic Travel LLP, Beneficial Ownership, Schedule 13G, SEC Filing, Ordinary Shares, Shareholding, Corporate Governance, Insider Ownership