Thursday, March 28

Tag: YoY

Yatra to Raise $100 Mn Over 3 Year Period
FUNDING

Yatra to Raise $100 Mn Over 3 Year Period

Yatra, the online major travel company is set to gradually raise $100 Mn of funding over the next three years, as recent regulatory filings with the US Securities and Exchange Commission (SEC) reveal. The filings state, “Under this shelf registration process, we may offer ordinary shares, preference shares, various series of debt securities or even warrants to purchase ordinary shares, preference shares and debt securities, either individually or in units, in one or more offerings, up to a total dollar amount of $100 Mn.” According to the company’s group chief financial officer Alok Vaish explained that the company “don’t have immediate need of funds. We can raise money at any point of time over the next three-year kind of time frame. There is no specific description of offering righ...