Business
Yatra Online, Inc. Announces Proposed Public Offering of Ordinary Shares
GURUGRAM, India and NEW YORK, June 18, 2020 /PRNewswire/ -- Yatra Online, Inc. ("Yatra") (NASDAQ: YTRA, OTCQX: YTROF), India's leading online travel company,
About this update from Yatra Online, Inc.
[{"type":"text","content":"GURUGRAM, India and NEW YORK, June 18, 2020 /PRNewswire/ -- Yatra Online, Inc. (\"Yatra\") (NASDAQ: YTRA, OTCQX: YTROF), India's leading online travel company, today announced that it is commencing an underwritten public offering of its ordinary shares. All of the ordinary shares in the offering are to be sold by Yatra. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.\n\n \n \n \n \n \n \n\n \nH.C. Wainwright & Co. is acting as the sole book-running manager for the proposed offering. \nA registration statement relating to these ordinary shares has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on May 24, 2018. The offering will be made only by means of a written prospectus and prospectus supplement that will form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Alternatively, electronic copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, by email at [email protected] or by phone at (646) 975-6996.\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Yatra\nWe are the second largest online travel agent company in India. Based in Gurugram, India, we are a one-stop-shop for all travel related services. A brand that believes in \"Creating Happy Travelers,\" we provide information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, Packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading consolidator of accommodation options, we provide real-time bookings for more than 108,000 hotels and homestays in India and over 1.5 million hotels around the wo...