Yatra Doubles Down on Corporate Travel with the Acquisition of Globe Travels, Solidifying its Leadership Position
Yatra Online, Inc. - Ordinary Shares (YTRA)
Last yatra online, inc. - ordinary shares earnings: 1/31 06:05 am
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Source: Business Wire
GURUGRAM, India & NEW YORK--(BUSINESS WIRE)--Yatra Online, Inc. (the “Company” or “Yatra”) (NASDAQ: YTRA) India’s largest corporate travel services provider and one of India’s leading online travel companies, announced that it has entered into a definitive agreement, through its subsidiary, Yatra Online Limited, to acquire 100% of Globe All India Services Limited (Globe Travels), a premier Corporate Travel Services provider for INR 1280 million (~USD 15.25 million) in cash.Through this acquisition Yatra will gain Globe Travels’ portfolio of approximately 360 corporate customers and annual gross bookings of approximately USD 90 million. This strategic acquisition is expected to further solidify Yatra’s position as the leader in the corporate travel sector and marks a significant expansion of its corporate customer footprint in India. The transaction is expected to close within three months of the signing of the agreement, subject to certain closing actions and satisfaction of the c
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YTRA
News
- Hedge funds own 28% of Yatra Online, Inc. (NASDAQ:YTRA) shares but retail investors control 33% of the company [Yahoo! Finance]Yahoo! Finance
- Yatra Online, Inc. (NASDAQ: YTRA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Yatra Doubles Down on Corporate Travel with the Acquisition of Globe Travels, Solidifying its Leadership Position [Yahoo! Finance Canada]Yahoo! Finance Canada
- Yatra Online, Inc. (NASDAQ: YTRA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Yatra Online First Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
YTRA
Earnings
- 8/12/24 - Beat
YTRA
Sec Filings
- 9/17/24 - Form 144
- 9/12/24 - Form 6-K
- 9/3/24 - Form 6-K
- YTRA's page on the SEC website