Indian booking site Yatra.com is going public via an unusual route for a mainstream company: it will be listed on NASDAQ and will trade under the name YTRA, following a reverse-merger with a listed company, Terrapin 3 Acquisition Corporation. The transaction is expected to close by October 2016, and both boards have approved the transaction. Terrapin 3 Acquisition Corporation is a special purpose vehicle formed for the purpose of creating a merger, acquisition or such transactions, and will effectively become Yatra.com. The last listing-via-merger in the Indian digital space was probably Ybrant digital (now Lycos).
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