GIC Private Ltd Decreases Stake in MakeMyTrip Limited to 4.87%

GIC Private Limited filed a Schedule 13G/A on April 23, 2026, reporting a reduction in its stake in MakeMyTrip Limited (MMYT). As of the event date on April 21, 2026, GIC beneficially owns 4,374,175 ordinary shares, representing 4.87% of the company based on 89,851,697 shares outstanding. This filing indicates that GIC's ownership has fallen below the 5% regulatory threshold. GIC serves as a fund manager for the Government of Singapore (GoS) and the Monetary Authority of Singapore (MAS). Of the total shares, GIC holds sole voting and dispositive power over 3,634,419 shares managed for the GoS. The remaining 739,756 shares are held with shared voting and dispositive power alongside the MAS. GIC is wholly owned by the GoS and manages Singapore's foreign reserves. The filing includes a certification that the securities were not acquired for the purpose of changing or influencing the control of the issuer. This amendment marks a decrease from previously reported holdings, transitioning the investor to a position below the 5% reporting requirement.