MUMBAI: Ebix Inc., a supplier of on-demand software and e-commerce services, said on Wednesday that it has acquired online travel portal Yatra Online Inc., for an enterprise value of $337.8 million, in an all stock transaction. Shringi also expected the deal to help Yatra enter more than 60 countries that it is present in. Ebix first offered to buy Yatra in March for $337 million, in cash or by stock. Since then, the company has acquired a dozen companies across sectors, such as remittance, travel, foreign exchange and education. In November 2017, it had spent around $75 million to acquire online travel portal Via.com.

Source: Mint July 17, 2019 13:18 UTC