NEW YORK and GURGAON,
India, June
29, 2018 /PRNewswire/ --
Yatra Online, Inc. ("Yatra") (NASDAQ:
YTRA), one of India's leading
online travel companies, today announced the closing of its
previously announced underwritten follow-on offering of 10,350,000
ordinary shares, including 1,350,000 ordinary shares sold pursuant
to the underwriters' full exercise of their option to purchase
additional shares, at a public offering price of $5.50 per share. The offering closed on
June 26, 2018.
(Logo:
http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
The net proceeds from the offering are
approximately $53.0 million. Yatra
intends to use the net proceeds from the offering for general
corporate and business purposes.
Citigroup and Jefferies acted as joint book-running managers for
the offering.
A shelf registration statement on Form F-3 (File No. 333-224661)
relating to the public offering of the ordinary shares described
above was previously filed with, and declared effective by, the
U.S. Securities and Exchange Commission (the "SEC"). A final
prospectus supplement relating to the offering was filed with the
SEC on June 22, 2018 and is available
on the SEC's website at http://www.sec.gov . Copies of the final
prospectus supplement may be obtained from: Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by
telephone at (800)831-9146; or Jefferies LLC, Attention Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor,
New York, NY 10022, or by
telephone at (877)821-7388 or by email at
Prospectus_Department@jefferies.com.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Yatra Online, Inc.
Yatra is the second largest online travel agent company in
India. Based in Gurugram,
India, Yatra is a one-stop-shop
for all travel related services. A brand that believes in "Creating
Happy Travelers," Yatra provides information, pricing, availability
and booking facility for domestic and international air travel,
domestic and international hotel bookings, packages, buses, trains,
in-city activities, inter-city and point-to-point cabs, homestays
and cruises. As a leading consolidator of accommodation options,
Yatra provides real-time bookings for more than 92,000 hotels and
homestays in India and over
800,000+ hotels around the world. Through its website,
http://www.yatra.com , its mobile application and its other
associated platforms, leisure and business travelers can explore,
research, compare prices and book a wide range of services catering
to their travel needs.
Safe Harbor Statement
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including, but not limited to, statements regarding the
public offering. These forward-looking statements can be identified
by the use of forward-looking terminology such as "anticipate,"
"believe," "estimate," "expect," "intend," "will," "project,"
"seek," "should" and similar expressions. Such forward-looking
statements are inherently subject to risks, uncertainties and
assumptions about Yatra and its subsidiaries, including risks
related to the following: the slow-down of economic growth in
India and the global economic
downturn, general declines or disruptions in the travel industry,
volatility in the trading price of Yatra's shares, Yatra's ability
to access capital through debt and equity markets in amounts and at
rates and costs acceptable to Yatra; Yatra's reliance on its
relationships with travel suppliers and strategic alliances,
Yatra's ability to further increase its brand recognition to obtain
new business partners and consumers, Yatra's ability to compete
against new and existing competitors, Yatra's ability to
successfully manage current growth and potential future growth,
risks associated with any strategic investments or acquisitions,
seasonality in the travel industry in India and overseas, Yatra's ability to
successfully develop its corporate travel business, risks
associated with any damage to or failure of Yatra's infrastructure
and technology, loss of services of Yatra's key executives, and
inflation in India and in other
countries. These and other factors are discussed in Yatra's reports
filed with the U.S. Securities and Exchange Commission. All
information provided in this press release is provided as of the
date of issuance of this press release, and Yatra undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
For more information, please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Head of Investor Relations
+1-646-875-8380
manish.hemrajani@yatra.com