|Over a week ago|
Yatra received Nasdaq notification letter » 18:2007/3107/31/20
Yatra Online announced…
Yatra Online announced that on July 29, 2020, the company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the company that, for the last 30 consecutive business days, the company's ordinary shares had not maintained a minimum closing bid price of $1.00 per share pursuant to Nasdaq Listing Rule 5550(a)(2). The Nasdaq letter does not result in the immediate delisting of the company's ordinary shares from The Nasdaq Capital Market.
Yatra announces alliance with upGrad Enterprise » 08:4707/1407/14/20
Yatra Online has forged…
Yatra Online has forged an alliance with upGrad Enterprise, the B2B arm of upGrad, India's largest online higher education company. With Yatra's aim to diversify its portfolio beyond travel, this partnership shall enable its corporate clients to deliver advance learning and skill development for their employees. From deployment-ready workforce within 6 months, to reducing employee attrition and aligning L&D plan with business growth strategy, upGrad Enterprise will work closely with Yatra's corporate and SME clientele. The edtech major will be providing deep skilling programs that align with the client's desired business outcomes to deliver impact at scale.
Yatra, Zaggle partner to offer expense automation solutions » 08:4707/0807/08/20
Yatra Online and Zaggle,…
Yatra Online and Zaggle, a leading FinTech start-up, have announced their partnership to deliver streamlined, integrated expense automation solutions for corporates and SMEs in India. This partnership, will enable Yatra to deliver an efficient expense management system and corporate card program along with its existing online travel solution.
|Over a month ago|
Yatra 12.5M share Spot Secondary priced at 80c » 06:1806/1906/19/20
H.C. Wainwright acted as…
H.C. Wainwright acted as sole book running manager for the offering.
Yatra files to sell ordinary shares, no amount given » 16:3806/1806/18/20
H.C. Wainwright & Co.…
H.C. Wainwright & Co. is acting as the sole book-running manager for the proposed offering.
Fly Intel: Pre-market Movers » 09:1006/0806/08/20
GILD, MGTA, FCAU, THO, REVG, AZN, PCG, YTRA, KZR
Check out this morning's…
Ebix considers countersuit against Yatra following merger deal termination » 07:3406/0806/08/20
Ebix (EBIX) issued a…
Ebix (EBIX) issued a statement in response to the termination of the merger agreement with Yatra (YTRA). On May 14, 2020, Yatra Online, Inc., a Cayman Islands exempted company limited by shares, entered into an agreement with Ebix extending the outside date of the Merger Agreement, dated July 16, 2019, by and between Yatra, Ebix and EbixCash Travels Inc., a direct, wholly-owned subsidiary of Ebix to June 4, 2020. The Merger Agreement contained certain termination rights for Ebix and Yatra, including, among others, the right of either party to terminate the Merger Agreement if the Merger has not been consummated on or prior to the Outside Date. The Outside Date was extended to June 4, 2020 in order to provide the parties with time to determine whether they could reach mutual agreement on an amendment of certain terms of the Merger Agreement. After the expiration of the Outside Date and the failure of the two parties to agree on the terms of an amended Merger Agreement by the Outside Date, Yatra terminated the Merger Agreement on June 5, 2020 and filed suit against Ebix in the Delaware Court of Chancery for breach of contract. The company said, "Ebix worked diligently to fulfill its obligations under the Merger Agreement and thus strongly disagrees with the allegations set forth in the complaint. Ebix intends to enforce all of its rights under the Merger Agreement, and is currently considering all options, including a countersuit against Yatra, on account of multiple breaches of the Merger Agreement."
Yatra terminates merger agreement with Ebix, files litigation » 16:3306/0506/05/20
Yatra (YTRA) announced…
Yatra (YTRA) announced that it has provided notice of termination of its pending merger agreement with Ebix (EBIX) and filed litigation in the Court of Chancery of the State of Delaware over Ebix's breaches of the merger agreement. The complaint seeks to hold Ebix accountable for breaches of its representations, warranties and covenants in the merger agreement and an ancillary extension agreement and seeks substantial damages. Yatra said, "As detailed in the complaint, Ebix's conduct breached material terms of the agreements and frustrated Yatra's ability to close the transaction and obtain the benefit of Yatra's bargain for Yatra's stockholders."
|Over a quarter ago|
BlueCrest Capital reports 5.1% passive stake in Yatra » 16:2501/2401/24/20
BlueCrest Capital disclosed a 5.1% stake in Yatra, which represents over 2.04M shares. The filing does not allow for activism.
Ebix price target lowered to $46 from $50 at BMO Capital » 07:1811/1311/13/19
BMO Capital analyst James…
BMO Capital analyst James Fotheringham lowered his price target on Ebix (EBIX) to $46 and kept his Market Perform rating after its "broad-based" Q3 miss, also reducing his forward estimates by up to 5% with slower expected revenue growth and higher operating expenses. The analyst says he would turn more constructive on the stock after the potential events around the closing of its Yatra Online (YTRA) deal and EbixCash IPO in Q2 of next year.