News > Indian travel firm Yatra scraps merger deal with U.S.-based Ebix
Indian travel firm Yatra scraps merger deal with U.S.-based Ebix
Firstpost | 06/06/2020 10:37 AM | Click to read full article
India's Yatra Online Inc said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix Inc. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming to beef up its portfolio of Indian travel companies, including Mumbai-based Mercury Travels and Delhi-based Leisure Corp. Yatra said it is seeking damages against Ebix for breaching terms of their merger agreement.
