Yatra Online eyeing to raise $50 Mn via 9 Mn Share Sale
Yatra Online, country's second largest travel aggregator is eyeing to raise an estimated $50 Mn (approx Rs 332.6 crores) via share sale, as revealed by its SEC filings.
The company has plans to share 9 million shares, where it is also offering additional 1.35 Mn shares to underwriters, which if exercised to full will lead total proceeds to 57 Mn.
As per filings with US Securities and Exchange Commission (SEC), the Nasdaq listed OTA said that company has plans to use the proceeds from the public market sale of shares towards "general corporate and business purpose".
The offering is being managed jointly by Citigroup and Jefferies. The company has said in its official statement, that shares are expected to close around June 26, 2018 subject to customary conditions. Interestingly, th...