Travel service provider Yatra Online said it has file a draft prospectus with markets regulator Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) that includes a fresh issue of shares aggregating up to Rs. 750 crore.
Yatra also announce the appointments of Rohit Bhasin, Deepa Misra Harris and former bureaucrat Ajay Narayan Jha as non-executive independent directors.
Yatra Said :
“The company has also filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) comprising a fresh issue aggregating up to Rs. 750 crore and an offer for sale of up to 93,28,358 equity shares, including 88,96,998 equity shares by THCL Travel Holding Cyprus Ltd, one of its promoters,”.
Yatra Online whole-time director and CEO Dhruv Shringi Said :
“The proposed equity offering and the listing will help us accelerate our organic growth plans and provide further capital for exploring inorganic growth opportunities as the travel and tourism industry recovers on the back of easing Covid restrictions”.
Deepa Misra Harris is currently an independent director on the boards of PVR, Jubilant Foodworks, ADF Foods, TCPL Packaging, Prozone Intu Properties and Taj Safaris, as statement said.
Former civil servant, Ajay Narayan Jha was Union Finance Secretary and Expenditure Secretary (2017-2019) from where he retire from service.
