Singapore's Government of Singapore Investment Corporation (GIC) has disclosed a 6.7 million-share stake in MakeMyTrip Ltd. (NASDAQ: MMYT), according to a regulatory disclosure filed with the U.S. Securities and Exchange Commission.
The disclosure was made via a Schedule 13G filing, the form used for passive investments. This categorization indicates the stake is held for investment purposes rather than to exert control or influence over the online travel platform's operations.
The filing offers public markets a clearer view of sovereign-wealth participation in MakeMyTrip's shareholder base. While a Schedule 13G is a routine regulatory event, the size of the position places MMYT among GIC's disclosed holdings in the travel and tourism sector.