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Yatra Online Enters Into Mutual Confidentiality Agreement With Ebix to Further Consider Ebix's Proposal

Yatra Online, Inc (YTRA)  More Company Research Source: PR Newswire
Last yatra online, inc earnings: 1/31 06:05 am Check Earnings Report
US:NASDAQ Investor Relations: investors.yatra.com/home/default.aspx
PDF GURUGRAM, India and NEW YORK, March 15, 2019 /PRNewswire/ -- Yatra Online, Inc. ("Yatra") (NASDAQ: YTRA), India's leading corporate travel services provider and one of India's leading online travel agencies, today announced that it has entered into a mutual confidentiality agreement with Ebix Inc. (NASDAQ: EBIX) so that the parties can commence due diligence and Yatra can further review and consider Ebix's proposal made on March 11, 2019 to acquire all of the outstanding stock of Yatra. As previously announced, consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the Yatra Board of Directors is reviewing and considering Ebix's proposal to determine the course of action that it believes is in the best interest of the Company and all of its shareholders. Yatra Online noted that there can be no assurance that a transaction will result from this process. Company shareholders do not need to take any action at this time. Citigroup Globa [Read more]

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