Corporate Valuations - News Post merger, Yatra starts Nasdaq trading : news

Post merger, Yatra starts Nasdaq trading

Date: 21-December-2016

Yatra Online, which owns and operates travel portal, has completed its reverse merger and began trading on Nasdaq.The deal, which had an enterprise value of $218 million, eased the way for a backdoor public market listing. In a statement released on Monday, Yatra said TRTL will become a partially-owned subsidiary of Yatra, with the former s leadership team heading the merged entity. The company has also raised $92.5 million of primary capital from a group of global investors.

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