Yatra unit sells 2.83M Yatra India shares
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.
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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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake did Yatra Online, Inc. (YTRA) sell in Yatra Online Limited?
What is Yatra Online, Inc.’s remaining ownership in Yatra Online Limited after the sale?
Does Yatra Online, Inc. still control Yatra Online Limited after the transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.