Business
Yatra Online, Inc. to Report Second Quarter FY22 Financial Results in Early December
Gurugram, India and New York, New York--(Newsfile Corp. - November 22, 2021) - Yatra Online, Inc. (NASDAQ: YTRA) (OTC Pink: YTROF) ("Yatra" or "the Company"),
About this update from Yatra Online, Inc.
[{"type":"text","content":"Gurugram, India and New York, New York--(Newsfile Corp. - November 22, 2021) - Yatra Online, Inc. (NASDAQ: YTRA) (OTC Pink: YTROF) (\"Yatra\" or \"the Company\"), today announced it will be reporting its F2Q22 (\"September quarter\") results in early December.\nThe delay in announcing its September quarter results is due to the ongoing efforts around the proposed initial public offer in India of Yatra's Indian subsidiary Yatra Online Limited (\"Issuer\"). Yatra is working diligently with Issuer and its Book Running Lead Managers (\"BRLMs\"), appointed in relation to the proposed initial public offer, to explore a potential listing of the equity shares of the Issuer in India in accordance with applicable laws. The delay in the September quarter results is due to these ongoing efforts in India.\nYatra believes that there are potential benefits of the proposed initial public offer of the Issuer, which would support its ongoing strategy.\nWhile the Issuer has appointed BRLMs in connection with the proposed initial public offering, there is no assurance that Issuer will proceed with a listing, or that the exchanges would approve a listing application by the Issuer, as it remains subject to the regulatory and marketing processes in India.\nAbout Yatra Online, Inc.\nYatra Online, Inc. is the ultimate parent company of Yatra Online Limited whose corporate office 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 https://www.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. With approximately 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world, the company is India's largest platform for domestic hotels. The company recently launched a freight forwarding business called Yatra Freight to further expand their corporate service offerings.\nSafe Harbor Statement\nThis press release contains certain forward-looking statements, as defined in the safe harbor provisions of the U.S. Priv...