 "Ebix")
US-based software firm Ebix is set to acquire Gurugram-based online travel agent Yatra Online for an enterprise value of $338 million or Rs 2,327.4 crore in an all-stock deal.
Once the transaction is completed, Yatra will be a part of Ebix's travel portfolio, EbixCash. Ebix has offered to pay $4.90 per share of Yatra, a premium of 26 per cent over Yatra's Tuesday closing price, and 32 per cent over its closing price on March 8, when Ebix first made an offer to buy the Indian firm. Ebix Chairman and CEO Robin Raina said the acquisition of Yatra would lend itself
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