Yatra Closes $11.5 Mn Public Offering After Cancelling Ebix Merger

Online travel aggregator Yatra has announced that it has closed its previously announced underwritten public offering at $11.5 Mn.

The company had offered 14,375,000 of its ordinary shares, which includes the exercise in full of the underwriter’s option to purchase an additional 1,875,000 ordinary shares, at a public offering price of $0.80 per ordinary share.

Founded in August 2006 by Sabina Chopra, Manish Amin and Dhruv Shringi, Yatra provides services such as domestic and international air ticketing, hotel booking, homestays, holiday packages, bus ticketing, rail ticketing, activities, attractions and ancillary services.

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