Yatra Online Inc and Terrapin 3 Acquisition Corp enters into merger agreement

Q.  Which travel company and Terrapin 3 Acquisition Corporation on 14th July 2016 entered into definitive merger agreement?
- Published on 18 Jul 16

a. Yatra
b. Thomas Cook
c. GoIbibo
d. None of the above

ANSWER: Yatra
 
Yatra Online Inc and Terrapin 3 Acquisition Corporation on 14th July 2016 entered into a definitive agreement for merger.
  • Transaction values Yatra at USD 218 million.
  • Yatra will also be listed on the NASDAQ stock market under the symbol YTRA following completion of this transaction
  • Founded in the year 2006, Yatra is one of the fastest growing consumer travel platforms and online travel agents in India with more than 4 million customers.
  • It is the most trusted e-commerce travel brand in India and has won three awards at the Ministry of Tourism National Tourism Awards ceremony

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