Yatra Online has acquired 49% stake/securities held by the other joint venture partner in Adventure and Nature Network (ANN) and vide the Share Purchase Agreement (SPA) executed on June 19, 2024. Consequent to completion of the Transaction on the closing date as mentioned in the SPA, the company’s shareholding in ANN will increase from 50% (pre-acquisition) to 99% (post-acquisition) and ANN will become a Subsidiary of the Company effective the closing date as captured in the SPA. Cost of acquisition is Rs 98.04 lakh.
The company intends to increase its presence in the space of adventure tourism by focusing on certain areas and expects that acquisition of the stake from the joint venture partner will help focus on its activities by bringing in certain synergies by converting the JV entity into its subsidiary.
Yatra Online provides information, pricing, availability, and booking facilities for domestic and international customers.
