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) 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.