The Securities and Exchange Board of India (SEBI) has approved Yatra Online Ltd, the Indian arm of the US-listed online travel aggregator (OTA) Yatra Online, Inc, for its INR 750 Cr initial public offering (IPO).
Yatra Online Ltd received the market regulator’s final observation letter on November 17, nearly eight months after filing its draft red herring prospectus. The proposed IPO could be made available for subscription within 12 months of the date of the SEBI’s observation letter. The IPO will consist of a new issue of equity shares worth INR 750 crore and an OFS of 9,328,358 equity shares. In March of this year, Yatra filed the DRHP with the markets regulator.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The Securities and Exchange Board of India (SEBI) has approved Yatra Online Ltd, the Indian arm of the US-listed online travel aggregator (OTA) Yatra Online, Inc, for its INR 750 Cr initial public offering (IPO).
Yatra Online Ltd received the market regulator’s final observation letter on November 17, nearly eight months after filing its draft red herring prospectus. The proposed IPO could be made available for subscription within 12 months of the date of the SEBI’s observation letter. The IPO will consist of a new issue of equity shares worth INR 750 crore and an OFS of 9,328,358 equity shares. In March of this year, Yatra filed the DRHP with the markets regulator.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
