New Delhi, June 17 -- Online travel agency MakeMyTrip has said that it plans to raise up to $3 billion to repurchase shares from one of its key stakeholders, China-based Trip.com, according to a filing with the New York's Nasdaq stock exchange.

The funds will be raised through a combination of equity and convertible senior notes, the company said.

"We are offering 14,000,000 ordinary shares, par value $0.0005 per share in this offering. Our ordinary shares are listed on the Nasdaq Global Market under the symbol 'MMYT.' We will receive all of the net proceeds from this offering," the 16 June filing stated.

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The issue of 14 million shares could also...