The Technology and Public M&A/Corporate Governance teams advised Yatra Online, Inc. (NASDAQ: YTRA) in connection with its entering into a merger agreement with Ebix, Inc. (NASDAQ: EBIX), under which Ebix will acquire Yatra via merger. The strategic combination broadens the combined company’s capabilities to capture growing multi-billion dollar opportunity in India.
Yatra Online, Inc. is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading corporate travel services provider with over 800 corporate customers and one of India's leading online travel companies and operates the website Yatra.com.
With 50+ offices across 6 continents, Ebix, Inc. is a leading international supplier of on-demand software and e-commerce services to the insurance, financial, healthcare and e-learning industries.
Following the closing of the transaction, Yatra will become part of Ebix’s EbixCash travel portfolio alongside Via and Mercury, creating India’s largest travel services company.
For additional information, please read the press release.