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. reports corporate travel and online travel agency developments for its India-based booking platform. The company, through Yatra Online Limited, provides information, pricing, availability and booking for domestic and international air travel, hotels, holiday packages, buses, trains, cabs, activities, homestays and cruises, with revenue categories that include Air Ticketing, Hotels and Packages, and other travel services.
Recurring updates cover unaudited financial and operating results, earnings calls, corporate travel demand, Hotels and Packages activity, MICE services, client additions, leadership changes, subsidiary matters, shareholder voting items and Nasdaq listing compliance.
Yatra Online, Inc. (NASDAQ: YTRA) received a notification from Nasdaq on July 29, 2020, indicating that its shares did not meet the minimum bid price of $1.00 for 30 consecutive business days. The company has until January 25, 2021, to regain compliance, with the option of a second 180-day period if needed. Yatra may consider a reverse stock split to meet requirements. Failure to comply may lead to delisting, although an appeal is possible. Yatra operates India's leading corporate travel platform, serving over 850 corporate clients.
Yatra Online, Inc. (NASDAQ: YTRA) has announced a partnership with upGrad Enterprise, India's leading online higher education provider, to diversify its services beyond travel. This collaboration aims to provide corporate clients with advanced learning and skill development opportunities. Within six months, the alliance will help reduce employee attrition and align learning objectives with business strategies. The partnership is crucial for addressing skill gaps and enhancing workforce capabilities in a challenging economic environment, marking a significant shift for Yatra towards becoming a comprehensive business solution provider.
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.