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YTRA-News
YTRA-Events
Yatra Online Confirms Magna Holdings' Tender Offer
Yatra Online confirmed that Magna Holdings has commenced an unsolicited tender offer to purchase up to 20,000,000 of the Company's ordinary shares, par value $0.0001 per share, representing approximately 31% of the Company's outstanding shares on an as-converted basis, at a price of $1.10 per share in cash, less any applicable withholding taxes and without interest. The offer is scheduled to expire at 12:00 midnight, New York City time, on September 17, 2026, unless extended, and is subject to proration. Consistent with its fiduciary duties and in consultation with its independent advisors, Yatra's Board of Directors will thoroughly evaluate Magna's tender offer to determine the course of action that it believes is in the best interests of the Company and its shareholders.
Yatra names Siddhartha Gupta as CEO, starting November 25
Yatra Co-Founder Dhruv Shringi, the company's CEO since inception, has now been elevated to the position of Executive Chairman of the Board. In this new role, he will guide Yatra's long-term vision with a sharp focus on global expansion, innovation, and shareholder value creation, working in close collaboration with the Board and leadership team, Yatra said in a statement. The company also announced the appointment of Siddhartha Gupta as its new CEO, effective November 25, 2025. Yatra said: "As part of our ongoing restructuring efforts, the Company has identified a viable structure to pursue. While certain challenges remain, Yatra is actively managing processes across jurisdictions. Given the complexity, the timeline remains uncertain; however, the Company is fully committed to this transition. This step is critical for unlocking value for Yatra and its shareholders. The Company will continue to provide updates as progress is made."
Yatra Meets Minimum Bid Price Compliance Again
Yatra, India's leading corporate travel services provider and one of India's leading online travel companies, announced that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. notifying the Company that it has regained compliance with the NASDAQ Capital Market's minimum bid price continued listing requirement.
Yatra receives notification letter from Nasdaq over minimum bid price
Yatra Online announced that on April 15, 2025, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that, for the period from March 3, 2025 to April 14, 2025, 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)(3). The Nasdaq letter does not result in the immediate delisting of the Company's ordinary shares from The Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until October 13, 2025 (the "Compliance Date"), to regain compliance with the Minimum Bid Price Requirement. If, at any time during this 180-day period, the closing bid price for the Company's ordinary shares closes at $1.00 or more per share for a minimum of 10 consecutive business days, as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it complies with the Minimum Bid Price Requirement and the ordinary shares will continue to be eligible for listing on The Nasdaq Capital Market.
Yatra reports Q3 revenue INR 2.35B vs INR 1.112B last year
"Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders." - Dhruv Shringi, Co-founder and CEO.
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