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Software firm Ebix offers to buy India’s ticketing firm Yatra Online

Yatra Online CEO, Dhruv Shringi. US software firm Ebix Inc said on Monday it has offered to buy Indian travel services company Yatra Online Inc for $336 million in a cash-and-stock deal to add to its portfolio of Indian travel companies with a focus on a niche segment. The offer price of $7 per share represents a premium of 84% to Yatra’s Friday close. Yatra shares rose 15% after the news, while Ebix shares were up marginally on Monday. Atlanta-based Ebix, which makes software for the insurance, financial, healthcare industries, said it intends to merge Yatra Online in its […]

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