Authorization

Indian online travel booking firm Yatra terminates merger deal with Ebix

Indian online travel booking company Yatra has terminated a pending merger agreement with Atlanta-based software firm Ebix and filed a litigation seeking “substantial damages” over alleged breach of deal terms.
In July last year, Ebix announced its plan to acquire Yatra, giving the Indian firm an enterprise value of $337.8 million, in a move to strengthen its position in India’s hotel and flight ticketing market.
Late Friday, Ebix said it had provided a notice to terminate the deal. In its complaint, Yatra said it seeks to “hold Ebix accountable for breaches of its representations, warranties and covenants in the merger agreement and an ancillary extension agreement, and seeks substantial damages,” it said in a statement.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июль 2020    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
2728293031