Yatra Online (NASDAQ: YTRA) trims Yatra India stake to 62.6%
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Yatra Online, Inc. reported that its wholly owned subsidiary, THCL Travel Holding Cyprus Limited, sold 2,833,000 equity shares of its Indian subsidiary, Yatra Online Limited, in open market transactions. These shares represented about 1.8% of Yatra India’s outstanding share capital.
After this sale, Yatra Online, through its subsidiaries, still holds approximately 62.6% of Yatra India’s outstanding share capital, maintaining majority control. The proceeds from the transaction are intended to cover legal and compliance expenses for THCL and its group entities, including Yatra Online itself.
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FAQ
What stake did Yatra Online, Inc. (YTRA) sell in Yatra Online Limited?
Yatra’s subsidiary THCL sold 2,833,000 equity shares of Yatra Online Limited, its Indian subsidiary. This block represented approximately 1.8% of Yatra India’s outstanding share capital, executed through open market transactions, modestly reducing the group’s ownership.
What is Yatra Online, Inc.’s remaining ownership in Yatra Online Limited after the sale?
After the share sale, Yatra Online, Inc., through its subsidiaries, holds approximately 62.6% of Yatra Online Limited’s outstanding share capital. This level of ownership means the company continues to retain majority control over its Indian subsidiary.
Does Yatra Online, Inc. still control Yatra Online Limited after the transaction?
Yes. Following the share sale, Yatra Online, Inc., through its subsidiaries, continues to hold about 62.6% of Yatra Online Limited’s outstanding share capital. This ownership level preserves its majority control over the Indian subsidiary.