Yatra Online Inc gets Sebi’s clearance to float Rs 750 crore IPO

Yatra Online Inc said its Indian subsidiary Yatra Online Ltd has received capital markets regulator Sebi’s clearance to float an initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore by Yatra India and an offer for sale (OFS) of up to 9,328,358 equity shares, according to the draft red herring prospectus (DRHP).

As part of the OFS, THCL Travel Holdings Cyprus Ltd and Pandara Trust – Scheme I through its trustee Vistra ITCL (India) would offload shares.

Yatra Online Ltd has received the final observation letter dated November 17 from Sebi in connection with its DRHP filed in March, the Nasdaq-listed Yatra Online Inc said in a statement.