Ebix begins due diligence on Yatra, hopes to close acquisition by May
- Ebix has offered to buy 100% of Yatra at $7/share, valuing it at $336 million
- Ebix intends to merge Yatra Online in its Indian EbixCash subsidiary set up
Mumbai: Nasdaq-listed Ebix Inc., a supplier of on-demand software and e-commerce services, said Tuesday it has made progress in its offer to acquire online travel portal Yatra Online Inc. and has commenced its due diligence. Ebix said that it is working towards signing the agreement to acquire Yatra Online by 15 May.
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