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Yatra
The Gujarat Congress on Friday launched a 14-day 'Nyay Yatra', a foot march, here to seek justice for the victims of four major tragedies that took place in the BJP-ruled state over the last five years. The Bharatiya Janata Party was shielding the real culprits of these incidents including the recent Rajkot game zone fire, it alleged. Congress Legislative Party leader in the assembly Amit Chavda, Seva Dal president Lalji Desai and MLA Jignesh Mevani launched the campaign. The march will cover nearly 350 kilometers before reaching Gandhinagar on August 23, said party spokesperson Manish Doshi. Family members of the deceased from these tragedies -- 2019 Takshashila fire incident in Surat, Morbi bridge collapse of 2022, and this year's Vadodara boat capsizing incident and TRP game zone fire in Rajkot -- will join the the Yatra, he said. Mevani said that nearly 200 people died in these incidents due to the rampant corruption under the BJP government. "We are taking out this Nyay Yatr
The Central Consumer Protection Authority (CCPA) has ordered online travel agency Yatra to speed up pending refunds for flight cancellations during the COVID-19 lockdown, the consumer affairs ministry said on Tuesday. In its June 27 order, the CCPA directed Yatra to establish five dedicated seats at the National Consumer Helpline to contact remaining passengers about their pending refunds. The company will bear the costs of this arrangement. This action follows a 2020 Supreme Court ruling mandating immediate refunds for tickets booked during the lockdown period. The CCPA initiated suo-moto action against Yatra following numerous grievances lodged through the National Consumer Helpline regarding non-refund of cancelled air tickets. From July 2021 to June 2024, CCPA conducted several hearings to address these issues. "As a result of these efforts, Yatra has made significant progress in reducing the total number of pending refund bookings," the ministry said in a statement. Yatra ha
The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent. The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares. The IPO is in the price range of Rs 135-142 per share. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.
Online travel company Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO). The company has allocated 2.49 crore equity shares to 33 entities at Rs 142 apiece, according to a circular uploaded on the BSE website. ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Tata MF, Bandhan MF, Max Life Insurance, Bajaj Allianz Life Insurance, Massachusetts Institute of Technology, Morgan Stanley Asia (Singapore) Pte, Goldman Sachs (Singapore) Pte, Bofa Securities Europe SA, Societe Generale, BNP Paribas Arbitrage and Quantum State Investment Fund are among the anchor investors. The company has fixed a price band of Rs 135-142 per share for its maiden public issue, which will open for public subscription on September 15-20. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. The IPO comprises fresh issuance of equity shares worth Rs 602 crore and an Offer for Sale (OFS) of up to ...