Yatra IPO: Travel services provider files preliminary papers for initial offer with SEBI
Zee News
The IPO would also have an offer for sale (OFS) of up to 93,28,358 equity shares.
New Delhi: Leading travel services provider Yatra Online Ltd has filed draft papers with markets regulator Sebi for an initial public offering that includes fresh issue of shares worth up to Rs 750 crore.
The initial public offering (IPO) would also have an offer for sale (OFS) of up to 93,28,358 equity shares.
According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.
The proceeds would also be utilised for general corporate purposes.
Yatra Online Inc, the parent of Yatra Online Ltd, is listed on the Nasdaq.
