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Yatra Confirms Commencement of Unsolicited Partial Tender Offer by Magna Holdings Ltd.

  • Magna Holdings Ltd. launched an unsolicited tender offer to purchase up to 20,000,000 of Yatra Online Inc.'s ordinary shares.
  • The offer represents approximately 31% of Yatra's outstanding shares on an as-converted basis.
  • Magna proposes to pay $1.10 per share in cash, subject to applicable withholding taxes & without interest.
  • The tender offer is scheduled to expire at 12:00 midnight New York City time on September 17, 2026, unless extended.
  • Yatra's Board is evaluating the offer & will issue a formal recommendation to shareholders within ten business days via Schedule 14D-9.
  • Yatra shareholders are urged not to take any action regarding the offer at this time.
  • Goodwin Procter LLP is serving as the legal advisor to Yatra for this evaluation.
  • Yatra India operates as India's largest corporate travel services provider with over 1,340 large corporate clients & 60,750 SME customers.
  • Yatra India maintains the largest hotel inventory among key Indian OTA players, covering approximately 81,500 hotels in India & 2.9 million globally.