Why Yatra Online Shares Going Up 32% in Single Day

Why Yatra Online Shares Going Up 32% in Single Day

Why Yatra Online Share rose by more than 30%.

This is the reason why Yatra Online, Inc. (NASDAQ: YTRA) share has seen a rally from 2.12 USD to now 3 USD as its subsidiary company Yatra India has launched its initial public offering (IPO) in the Indian stock market. Due to this reason, the stock of Yatra Online rose by more than 30%.

Detail About Yatra India IPO:

Why Yatra Online Shares Going Up 32% in Single Day
Why Yatra Online Shares Going Up 32% in Single Day

This news has been started by the Securities and Exchange Board of India (SEBI), which is the regulator of the Indian Stock Market.

Shortly before today, on March 24, 2022, Yatra India filed an application with SEBI And now on November 17, 2022, the approval has been received from SEBI to bring Initial Public Offering (IPO) by observation letter.

Yatra India has told in the file that the fresh issue in the IPO will be 7500 million and also the offer for sale company’s investors will sell 9,328,358 equity shares And THCL Travel Holdings Cyprus Ltd and Pandara Trust – Scheme I through its trustee Vistra ITCL (India) will sell his shares in the offer for sale

This Initial Public Offering (IPO) is expected to come in the coming 12 months.

Yatra India DRHP Link: https://www.sebi.gov.in/sebi_data/attachdocs/mar-2022/1648451219761.pdf

More About Yatra Online, Inc. Details:

Why Yatra Online's Shares Plunged 32% in 1 Single Day
Why Yatra Online Shares Plunged 32% in 1 Single Day

Yatra Online, Inc is the parent company of Yatra Online Limited. which is based in Gurugram, India, and is India’s leading Corporate Travel services provider with over 700+ Corporate customers, and one of India’s leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city, and point-to-point cabs, homestays, and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 103,000 hotels in India and over 1,500,000 hotels around the world.

Launched in August 2006, Yatra was ranked the Most Trusted E-Commerce Travel Brand in India in the Economic Times Brand Equity Survey 2016 for the second successive year, and has won the National Tourism Award for ‘Best Domestic Tour Operator (Rest of India)’ conferred by the Government of India for the fourth time.

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