updated 5/23/2011 8:45:55 AM ET 2011-05-23T12:45:55

NEW DELHI, India and NEW YORK, May 23, 2011 (GLOBE NEWSWIRE) -- MakeMyTrip Limited (Nasdaq:MMYT) (the "Company"), the parent company of MakeMyTrip (India) Private Limited, MakeMyTrip.com Inc. and Luxury Tours & Travel Pte Ltd, India's largest online travel company1, announced today that subject to market and other conditions, the Company is proposing to offer and sell up to 1,600,000 ordinary shares and certain selling shareholders are proposing to offer and sell up to 4,400,000 ordinary shares. The Company and the selling shareholders have also granted its underwriters an over-allotment option for up to 900,000 ordinary shares.

Morgan Stanley and Deutsche Bank Securities Inc. are acting as joint book running managers of the offering and Pacific Crest Securities LLC and Oppenheimer & Co. Inc. will act as co-managers.

A registration statement on Form F-1 relating to these securities has been filed with the Securities and Exchange Commission (the "SEC") but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The registration statement, together with the prospectus contained therein, is available on the website of the SEC at www.sec.gov. When available, copies of the written prospectus for the offering may be obtained from Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, by e-mail at prospectus@morganstanley.com or by calling +1-866-718-1649; or from Deutsche Bank Securities Inc Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, by calling +1-800-503-4611 or by emailing prospectus.cpdg@db.com (calling these numbers is not toll-free outside the United States).

About MakeMyTrip Limited and MakeMyTrip.com:

MakeMyTrip Limited, the parent company of MakeMyTrip (India) Private Limited, MakeMyTrip.com Inc. and Luxury Tours & Travel Pte Ltd, is India's largest online travel company1. The company's services and products include air tickets, customized holiday packages, hotels, rail tickets, bus tickets, car hire and facilitating access to travel insurance. Through its primary website, www.makemytrip.com, and other technology-enhanced platforms, the company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, over 4,500 hotels in India and a wide selection of hotels outside India, Indian Railways and several major Indian bus operators. 

The MakeMyTrip Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8203

(1) Based on 2009 Gross Bookings (Source: PhoCus Wright)

This press release contains "forward-looking statements" such as those relating to the timing of the proposed offering, the number of ordinary shares that the Company and the selling shareholders may offer in the proposed offering and the number of ordinary shares that may be subject to the over-allotment option. These forward-looking statements are subject to a variety of factors, including market conditions and other risks typically associated with securities offerings. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under applicable securities laws, the Company does not undertake to update these forward looking statements.

MMYT-g

CONTACT: Jonathan Huang
         MakeMyTrip Limited
         +1 (646) 405-1311
         jonathan.huang@makemytrip.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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