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Yatra to Launch Indian IPO on September 15
India-headquartered online travel agency Yatra Online plans to launch its initial public offering (IPO) on September 15. The company, which has been listed on the Nasdaq since 2016, had filed a draft red herring prospectus on March 25 last year with the Indian regulatory body Securities and Exchange Board of India (SEBI) with a goal of raising up to $97.5 million.
Yatra’s current IPO comprises a fresh issue of shares worth $73.5 million (INR 6.1 billion), lower than the earlier amount. However, the company has also secured a pre-IPO placement of around $7.5 million (INR 620 million) to one of its promoters THCL.
Indian travel companies wanting to launch the
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