Yatra Closes $11.5 Mn Public Offering After Cancelling Ebix Merger
India, June 25 -- Gurugram and New York-headquartered online travel aggregator Yatra has announced that it has closed its previously announced underwritten public offering at $11.5 Mn.
The company had offered 14,375,000 of its ordinary shares, which includes the exercise in full of the underwriter's option to purchase an additional 1,875,000 ordinary shares, at a public offering price of $0.80 per ordinary share, less underwritten discounts and commissions.
H.C. Wainwright & Co. acted as the sole book-running manager for the offering. The gross proceeds of the offering were $11.5 Mn, prior to deducting underwriting discounts and commissions and offering expenses.Yatra said it intends to use the net proceeds from this offering for genera...
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