MakeMyTrip Limited to be listed on NASDAQ

MakeMyTrip Limited, the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc., India’s largest online travel company1, today announced that it has priced its initial public offering of 5,000,000 ordinary shares at a price of USD14 per share. The company's ordinary shares will begin trading on the NASDAQ Global Market on 12 Aug 2010 under the symbol “MMYT”.

Of the total offering of 5,000,000 ordinary shares, 3,846,154 ordinary shares are being offered by the company, while 1,153,846 ordinary shares are being offered by certain selling shareholders. In connection with the offering, the company and certain of the selling shareholders, have granted to the underwriters an option to purchase up to an additional 750,000 ordinary shares to cover over-allotments.

MakeMyTrip Limited has stated that it intends to use the net proceeds from the sale of the ordinary shares by the company to expand its operations by acquiring or investing in strategic businesses or assets that complement the company’s service and product offerings and to invest in enhancements to its technology, as well as for working capital and other general corporate purposes.

Morgan Stanley acting as the sole book running manager of the offering and Oppenheimer & Co. Inc. and Pacific Crest Securities LLC are acting as co-managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, 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 such jurisdiction. Copies of the written prospectus for the offering may be obtained from: Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, telephone (866) 718-1649, or by e-mail at prospectus@morganstanley.com

About MakeMyTrip Limited and MakeMyTrip.com:

MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc., 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 4,000 hotels in India and a wide selection of hotels outside India, Indian Railways and several major Indian bus operators.

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