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Yatra.com files DRHP to raise Rs 750 crore from IPO Yatra Online

Yatra.com files DRHP to raise Rs 750 crore from IPO

IBNS | @indiablooms | 28 Mar 2022, 07:39 pm

New Delhi: Travel company Yatra Online Ltd filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for an Initial Public Offering (IPO) comprising a fresh issue aggregating up to Rs 750 crore.

The DRHP also includes an offer for sale of up to 9,328,358 equity shares, including 8,896,998 equity shares by THCL Travel Holding Cyprus Limited, one of its promoters, Yatra.com said.

The online travel aggregator also announced the appointment of Rohit Bhasin, Deepa Misra Harris and Ajay Narayan Jha as non-executive Independent Directors.

About the IPO, Dhruv Shringi, Whole-time Director & CEO for Yatra Online Limited, said: "The proposed equity offering and listing will help us accelerate our organic growth plans and provide further capital for exploring inorganic growth opportunities as the travel and tourism industry recovers on the back of easing Covid restrictions.”

Regarding the latest big appointments, he said: “I truly believe, given their experience and passion, that they will be an invaluable asset to the company."

Ajay Narayan Jha, an ex-member of the Indian Administrative Service (1982 Batch), has served as the Union Finance Secretary and Expenditure Secretary for the Government of India, an official company statement said.

Rohit Bhasin is a Chartered Accountant with around 37 years of post-qualification experience in leading organisations such as Standard Chartered Bank, AIG Inc, and PricewaterhouseCoopers (PwC), it said.

Deepa Harris is currently an Independent Director on the boards of PVR Limited, Jubilant Foodworks Ltd, ADF Foods Ltd, TCPL Packaging Limited, Prozone Intu Properties Ltd, and Taj Safaris, it added.

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