Yatra Online, Inc. Ordinary Shares - YTRA STOCK NEWS

Yatra Online, Inc. (NASDAQ: YTRA) reported unaudited financial results for Q2 2020, ending June 30. Revenue reached INR 192 million (USD 2.5 million), an 86.2% decline year-over-year. Adjusted revenue from air ticketing was INR 170.2 million (USD 2.3 million), down 85.2%, while revenue from hotels and packages dropped 94.9%. The company reported a loss of INR 79.5 million (USD 1.1 million). Cost-cutting measures, including a reduction of fixed costs from INR 203.9 million (USD 2.7 million) to INR 90.6 million (USD 1.2 million), aim to enhance liquidity amidst ongoing travel disruptions.

Yatra Online, Inc. (NASDAQ: YTRA) has announced its upcoming unaudited first quarter results for the period ending June 30, 2020, set to be released on September 9, 2020, before market opening in New York. The results will be accessible in the Investor Relations section of their website. Following the release, a conference call will be held by the senior management team at 8:30 AM EST to discuss the results, providing investors with an opportunity to gain insights on the company's performance.

Yatra Online, Inc. (NASDAQ: YTRA) announced its participation in three virtual conferences in September 2020. CEO Dhruv Shringi will present at the LD Micro 500 Conference on September 2, the H.C. Wainwright 22nd Annual Global Investment Conference on September 14, and the Sidoti & Co Fall 2020 Virtual Investor Conference on September 23-24. Each presentation will be webcast live at investors.yatra.com. Yatra is recognized as India's leading Corporate Travel Services provider, serving over 700 corporate clients.

Yatra Online, Inc. (NASDAQ: YTRA) received a notification from Nasdaq on July 29, 2020, indicating that its shares did not meet the minimum bid price of $1.00 for 30 consecutive business days. The company has until January 25, 2021, to regain compliance, with the option of a second 180-day period if needed. Yatra may consider a reverse stock split to meet requirements. Failure to comply may lead to delisting, although an appeal is possible. Yatra operates India's leading corporate travel platform, serving over 850 corporate clients.

Yatra Online, Inc. (NASDAQ: YTRA) has announced a partnership with upGrad Enterprise, India's leading online higher education provider, to diversify its services beyond travel. This collaboration aims to provide corporate clients with advanced learning and skill development opportunities. Within six months, the alliance will help reduce employee attrition and align learning objectives with business strategies. The partnership is crucial for addressing skill gaps and enhancing workforce capabilities in a challenging economic environment, marking a significant shift for Yatra towards becoming a comprehensive business solution provider.

Yatra Online, Inc. (NASDAQ: YTRA) has partnered with Zaggle to enhance expense automation solutions for corporates and SMEs in India. This collaboration aims to improve expense management efficiency and streamline corporate spending. Yatra will integrate its travel solutions with Zaggle's technology, allowing businesses to enforce expenditure policies while optimizing travel experiences. With over 850 corporate clients and a strong market presence, Yatra continues to diversify its services beyond travel, positioning itself as a comprehensive business solution provider.

Yatra Online, Inc. (NASDAQ: YTRA) has successfully closed its public offering of 14,375,000 ordinary shares at $0.80 per share, raising gross proceeds of USD $11.5 million. This includes the full exercise of the underwriter's option for an additional 1,875,000 shares. The funds will be used for general corporate and business purposes. H.C. Wainwright & Co. acted as the sole book-running manager for the offering. The registration statement for these shares was effective as of May 24, 2018, and the offering followed compliance with SEC regulations.

Yatra Online, Inc. (NASDAQ: YTRA) has priced its public offering of 12.5 million ordinary shares at $0.80 each, aiming for gross proceeds of $10 million before expenses. An underwriter has a 30-day option to buy an additional 1.875 million shares. The offering is expected to close around June 23, 2020. Proceeds will fund general corporate purposes. This is part of Yatra's strategy to strengthen its position as a leading online travel agency in India, despite potential market volatility and challenges in the travel sector.

Yatra Online, Inc. (NASDAQ: YTRA) has announced a planned underwritten public offering of ordinary shares, all to be sold by the company. The offering depends on market conditions, with no assurances on the completion, size, or terms. H.C. Wainwright & Co. is acting as the sole book-running manager. A registration statement regarding this offering was previously filed and became effective on May 24, 2018. This press release does not constitute an offer or solicitation of sale in jurisdictions where it would be unlawful.