Yatra Online said Friday it received an unsolicited tender offer from Magna Holdings Ltd. to purchase up to 20 million of its ordinary shares at $1.10 per share in cash.
The offer, which is subject to proration, would represent approximately 31% of Yatra’s outstanding shares on an as-converted basis. The proposal expires at midnight New York time on Sept. 17, 2026, unless Magna Holdings elects to extend the deadline.
Yatra’s board of directors is reviewing the offer in consultation with independent advisors, including Goodwin Procter LLP, and has advised shareholders not to take any action pending further guidance. The company plans to file a recommendation statement on Schedule 14D-9 with the U.S. Securities and Exchange Commission within ten business days to outline its formal position on the tender.
Yatra Online, which operates as an online travel agency in India, provides corporate travel services including air, bus, and rail ticketing, as well as cab bookings and hotel reservations via its website and mobile applications. The company’s shares are listed on the NASDAQ under the ticker YTRA and its parent entity is also listed on India’s NSE and BSE.
