Yatra Online, Inc.'s Indian subsidiary to list on the Bombay Stock Exchange on September 28, 2023
MUMBAI, India and NEW YORK, Sept. 27, 2023 /PRNewswire/ -- Yatra Online, Inc. (NASDAQ: YTRA) announced that its Indian subsidiary, Yatra Online Limited, India's largest corporate travel services provider, will start trading on the Bombay Stock Exchange (BSE) on September 28, 2023 post its successful IPO of US$93 Million.
- MUMBAI, India and NEW YORK, Sept. 27, 2023 /PRNewswire/ -- Yatra Online, Inc. (NASDAQ: YTRA) announced that its Indian subsidiary, Yatra Online Limited, India's largest corporate travel services provider, will start trading on the Bombay Stock Exchange (BSE) on September 28, 2023 post its successful IPO of US$93 Million.
- Yatra Online Limited raised primary capital of INR 602 crores or US$72 Million in its Indian IPO based on a pre-money valuation of US$193 Million, which equates to ~$3 per YTRA share.
- Post the IPO Yatra Online, Inc. to own ~65% of its Indian subsidiary Yatra Online Limited.
- Additionally, the IPO will also be beneficial on several fronts as it:
Provides a liquid stock that can be used for local M&A in India.