India, June 25 -- Nasdaq-listed online travel aggregator (OTA) MakeMyTrip (MMT) will pay nearly $3 Bn to repurchase shares from its Chinese investor Trip.com Group Limited.

In a filing with the US Securities and Exchange Commission (SEC), Trip.com said that it amended its share repurchase agreement with the Indian travel tech company on June 23. As per the restated deal, MMT will pay the aforementioned amount to acquire the stake.

". in relation to the amended and restated share repurchase agreement entered into between the Company and MakeMyTrip., pursuant to which MakeMyTrip will pay approximately $3 Bn as consideration for the aforementioned repurchase," the filing read.

Trip.com expects the transaction to be completed by early July...