Yatra Evaluates Potential Listing Of Indian Subsidiary In India

Yatra Evaluates Potential Listing Of Indian Subsidiary In India

SUMMARY

Yatra will retain its existing listing on the NASDAQ if it succeeds to list in the Indian market

The travel firm said that it has already engaged leading Indian financial advisors in connection with its evaluation

Yatra’s decision to join the bandwagon of tech companies going public in India comes after Indian regulators eased public listing norms in the country. 

Following the boom in tech initial public offerings (IPOs) in India, online travel aggregator Yatra said that it is evaluating listing its Indian entity on the stock exchanges in the country. Yatra will retain its existing listing on the NASDAQ if it succeeds to list in the Indian market, the travel aggregator said in a statement.

The travel firm said that it has already engaged leading Indian financial advisors in connection with its evaluation. However, there is no assurance that Yatra will proceed with a listing, or that the exchanges would approve a listing application by Yatra.

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