Welcome to our dedicated page for Yatra Online news (Ticker: YTRA), a resource for investors and traders seeking the latest updates and insights on Yatra Online stock.
Yatra Online, Inc. (NASDAQ: YTRA) is the parent of Yatra Online Limited, which the company describes as India’s leading corporate travel services provider and one of India’s leading online travel companies. News about YTRA frequently focuses on its corporate travel operations, online travel platform and developments in its financial performance and governance.
Investors and observers following YTRA news can expect regular earnings releases detailing revenue, Gross Bookings, Adjusted Margin by segment, Adjusted EBITDA and Revenue Less Service Cost (RLSC). These updates highlight trends in the company’s three reportable segments: Air Ticketing, Hotels and Packages, and Other Services. Recent reports have emphasized the contribution of corporate travel and the Meetings, Incentives, Conferences and Exhibitions (MICE) business, as well as the impact of the acquisition of Globe All India Services Private Limited (GAISL).
Company announcements also cover strategic and structural matters, including a Composite Scheme of Amalgamation involving Yatra Online Limited and its wholly owned subsidiaries, and updates on efforts to simplify the group’s legal and corporate structure. Governance-related news has included Nasdaq notifications about minimum bid price compliance and the subsequent confirmation that Yatra regained compliance with Nasdaq’s listing requirements.
Leadership changes are another recurring theme in YTRA news. Filings and press releases describe the appointment of Siddhartha Gupta as a director and later as Group Chief Executive Officer of Yatra Online Limited and Yatra Online, Inc., and the transition of co-founder Dhruv Shringi from Chief Executive Officer to Chairman roles within the group. Together, these items provide a view into how the company manages its corporate travel focus, MICE growth, acquisitions and listing obligations.
This news page aggregates such disclosures, allowing readers to review Yatra’s earnings announcements, restructuring updates, leadership changes and other material events related to its travel services business and Nasdaq-listed equity.
Yatra Online, Inc. (NASDAQ: YTRA) has partnered with Zaggle to enhance expense automation solutions for corporates and SMEs in India. This collaboration aims to improve expense management efficiency and streamline corporate spending. Yatra will integrate its travel solutions with Zaggle's technology, allowing businesses to enforce expenditure policies while optimizing travel experiences. With over 850 corporate clients and a strong market presence, Yatra continues to diversify its services beyond travel, positioning itself as a comprehensive business solution provider.
Yatra Online, Inc. (NASDAQ: YTRA) has successfully closed its public offering of 14,375,000 ordinary shares at $0.80 per share, raising gross proceeds of USD $11.5 million. This includes the full exercise of the underwriter's option for an additional 1,875,000 shares. The funds will be used for general corporate and business purposes. H.C. Wainwright & Co. acted as the sole book-running manager for the offering. The registration statement for these shares was effective as of May 24, 2018, and the offering followed compliance with SEC regulations.
Yatra Online, Inc. (NASDAQ: YTRA) has priced its public offering of 12.5 million ordinary shares at $0.80 each, aiming for gross proceeds of $10 million before expenses. An underwriter has a 30-day option to buy an additional 1.875 million shares. The offering is expected to close around June 23, 2020. Proceeds will fund general corporate purposes. This is part of Yatra's strategy to strengthen its position as a leading online travel agency in India, despite potential market volatility and challenges in the travel sector.
Yatra Online, Inc. (NASDAQ: YTRA) has announced a planned underwritten public offering of ordinary shares, all to be sold by the company. The offering depends on market conditions, with no assurances on the completion, size, or terms. H.C. Wainwright & Co. is acting as the sole book-running manager. A registration statement regarding this offering was previously filed and became effective on May 24, 2018. This press release does not constitute an offer or solicitation of sale in jurisdictions where it would be unlawful.