Yatra

A quite hill town, a bustling beach, or an international city: Indians are taking their pick to greet the New Year

At the launch, Scindia said Digi Yatra will be one of the most efficient systems in the world

Calls for managing crowds at Amarnath, Chardham and other yatras, where large gatherings could help spread Covid-19 and other diseases

Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages

Travel service provider Yatra Online Ltd on Monday said it has filed a draft prospectus with markets regulator Sebi for its initial public offering that includes a fresh issue of shares aggregating up to Rs 750 crore. Yatra also announced the appointments of Rohit Bhasin, Deepa Misra Harris and former bureaucrat Ajay Narayan Jha as non-executive independent directors. "The company has also filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) comprising a fresh issue aggregating up to Rs 750 crore and an offer for sale of up to 93,28,358 equity shares, including 88,96,998 equity shares by THCL Travel Holding Cyprus Ltd, one of its promoters," Yatra said in a statement. Commenting on the IPO plans, Yatra Online Ltd Whole-time Director & CEO Dhruv Shringi said, "The proposed equity offering and the listing will help us accelerate our organic growth plans and provide further capital for exploring inorganic growth opportunities as the travel and tourism ...

According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth

Move could unlock more value for US investors, provide a liquid stock that can be used for M&As in India, provide further capital to strengthen balance sheet

Gurugram-based Yatra had said on Friday that it was going to end its pending merger deal with Ebix, and had filed a case in Delaware, US against Ebix for breach of agreement

Online travel firm Yatra Online Inc said it was seeking damages against Ebix for breaching terms of their merger agreement

Yatra will be a part of Ebix's travel portfolio, EbixCash

The company has sent a letter to the Board of Yatra Online, Inc outlining offer to acquire 100 per cent of the outstanding stock of Yatra Online for $ 7 per share on a debt-free basis, says Ebix

Corporate and small and medium enterprises (SMEs) travel is the fastest-growing part of the business, says Yatra CEO and Co-Founder Dhruv Shringi

Firm has trimmed EBITDA loss by 19 per cent to $3.2 million in the quarter ended September 30, 2018 on improved efficiency in marketing expenditure

Capital will be used to meet working capital needs of Yatra as the company looks to expand its service offering

India is the tenth largest business travel market, valued at close to $30 billion in 2015

With this, the three major Indian online travel agencies have become well capitalised

Has built technology to simultaneously showcase offerings of multiple cab aggregators