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Ebix is planning to acquire Yatra for $336 mn to boost travel portfolio

Ebix is planning to acquire Yatra for $336 mn to boost travel portfolio

Ebix is planning to acquire Yatra for $336 mn to boost travel portfolio

Software firm Ebix Inc said on Monday that it has offered to acquire fellow Nasdaq-listed company Yatra Online Inc for $336 million (around Rs 2,350 crore) in a cash-and-stock deal aimed at boosting its portfolio of Indian travel ventures.

US-headquartered Ebix said in a statement that it intends to merge Yatra Online,…

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