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Yatra Online Limited ( (IN:YATRA) ) has shared an update.
Yatra Online Limited announced a significant development regarding its wholly-owned subsidiary, TSI Yatra Private Limited, which was previously under Corporate Insolvency Resolution Process (CIRP). Following a settlement agreement with Ezeego Travels & Tours Ltd., TSI has resolved its financial dispute, leading to the withdrawal of insolvency proceedings. The National Company Law Appellate Tribunal (NCLAT) has directed the refund of a deposit made by TSI and the filing of a withdrawal application for the CIRP. This resolution is expected to positively impact Yatra’s operational stability and market position.
More about Yatra Online Limited
Yatra Online Limited operates in the travel industry, providing online travel services. The company focuses on offering travel-related products and services, including flights, hotels, and holiday packages, catering to a diverse market of travelers.
Average Trading Volume: 200,728
Technical Sentiment Signal: Buy
Current Market Cap: 28.49B INR
For a thorough assessment of YATRA stock, go to TipRanks’ Stock Analysis page.