Ebix Statement on Termination of Merger Agreement with Yatra
The termination of the merger agreement between US-based software company, Ebix Inc and Online travel company Yatra Online Inc which could have created India’s largest travel services company, has sent shock waves in the travel industry. In 2019, Ebix Inc had entered into an agreement to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for an enterprise value of USD 338 million (approx Rs 2,300 crore). Ebix Inc issued a statement on the termination of the Merger

