Business / US-based IT firm Ebix offers to buy Yatra at 84% premium

TimesNow News : Mar 12, 2019, 11:52 AM
Ebix, in its filing has said that it can withdraw the offer if the Yatra board doesn’t revert with a positive response. US-based IT firm Ebix has offered acquire online travel portal Yatra in an unsolicited bid at significant premium over its market price. Ebix has given one week time to Yatra to respond to its offer, daily mentioned. Yatra agrees to the offer, it could take another 30-60 days to complete transaction