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US-based Ebix offers to buy Yatra for $336 million

US-based software company Ebix has offered to buy India's second-largest online travel service provider Yatra Online, Inc, for $336 million (Rs 2,347 crore) in a cash-and-stock deal. Listed on the Nasdaq in New York, Yatra Online, Inc. is the parent company of Gurugram-based Yatra Online Pvt Ltd which was founded in 2006 and operates the travel website Yatra.com. The offer price of $7 per share represents a premium of 84% to Yatra's Friday close.

Read More at CNBC TV18 News date : 12 Mar 2019, Tuesday

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