Tranche Update on Yatra Online, Inc.'s Equity Buyback Plan announced on November 17, 2023.
May 30, 2024 at 09:15 pm
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From January 1, 2024 to May 17, 2024, the company has repurchased 2,905,025 shares, representing 4.54% for $4.56 million. With this, the company has completed the repurchase of 3,185,025 shares, representing 4.98% for $5 million under the buyback announced on November 17, 2023.
Yatra Online, Inc. is an India-based company, which is the ultimate parent company of Yatra Online Limited (Yatra India). Yatra India provides corporate travel services with over 800 corporate customers and 50,000 registered small and medium enterprise customers. Leisure and business travelers use Yatra India's mobile applications, its Website, and its other offerings and services to explore, research, compare prices and book a range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. Its customers can review and book flights on all major Indian and international airlines, and accommodations at approximately 108,000 hotels in 1,500 cities and towns in India, as well as more than two million hotels around the world. The Company's segments include Air Ticketing, Hotels and Packages, and Other Services.