Software firm Ebix offers to buy India’s ticketing firm Yatra

US software firm Ebix Inc said on Monday it has offered to buy Indian travel services company Yatra Online Inc for USD 336 million in a cash-and-stock deal to add to its portfolio of Indian travel companies with a focus on a niche segment.

The offer price of USD 7 per share represents a premium of 84 per cent to Yatra’s Friday close.

Yatra shares rose 15 per cent after the news, while Ebix shares were up marginally on Monday.