Yatra Online Ltd to Acquire Globe All India Services Limited for INR 128 Crore

Yatra Online Ltd, a company listed on the stock exchange, announced the outcome of its Board Meeting held on September 02, 2024. The company has approved the acquisition of 100% equity share capital of Globe All India Services Limited (GAISL) from Ramkrishna Forgings Limited for an aggregate purchase consideration of INR 128,00,00,000/-. The acquisition is subject to the satisfaction of conditions precedent as specified in the share purchase agreement. GAISL is an unlisted public limited company engaged in the business of providing reservation and booking services relating to tours and travels. The acquisition does not fall within related party transaction(s) and the promoter/promoter group/group companies have no interest in the entity being acquired.