Indian Booking Site Yatra To Go Public On Nasdaq, Valued At $218 Million

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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The above is an extract of the original article available at : skift.com

 

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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