 "dollar, FPI, foreign investment")
US-based software firm Ebix has made an offer to acquire Yatra.com for $336 million in order to expand its presence in the fast growing Indian travel market.
Ebix, which in recent months made a slew of acquisitions in the leisure and corporate travel segment, submitted its bid to the board of Nasdaq-listed Yatra Online outlining its offer.
Ebix offered to pay $7 per share to acquire 100 per cent of outstanding stock of Yatra Online and the offer price constituted 84 per cent premium to its closing price of $3.80 as on March 8. Ebix intends to merge Yatra Online into its
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