Yatra said based on its preliminary discussions and analysis, it believes that potential benefits of this listing, which would support its ongoing strategy and value creation opportunities, include access to an additional pool of capital, including retail and institutional investors in India already familiar with Yatra’s business and brand but who are currently restricted from participating in the U.S. markets. The company believes it would also unlock additional value for US shareholders, provide a liquid stock that can be used for local M&A in India, further capital to strengthen the balance sheet beside the additional sell-side research analyst coverage.
“As we continue to execute on our strategy, our board of directors and management team regularly considers opportunities to enhance value for Yatra shareholders,” said Dhruv Shringi, chief executive officer of Yatra.
“As part of these ongoing efforts, we are evaluating the benefits of an additional listing in India to support our ongoing strategy, accelerate our growth efforts and strengthen our offerings. Over the coming weeks our board and management team will work with its advisors to determine if this is in fact the right approach to unlock additional value for our shareholders,” he added.
Yatra said it has engaged leading Indian financial advisors in connection with its evaluation.
