Ebix makes $336 million bid for Yatra.com, plans expansion in Indian market

US-based software firm Ebix has made an offer to acquire Yatra.com for $336 million in order to expand its presence in the fast growing Indian travel market. 

Ebix, which in recent months made a slew of acquisitions in the leisure and corporate travel segment, submitted its bid to the board of Nasdaq-listed Yatra Online outlining its offer.

Ebix offered to pay $7 per share to acquire 100 per cent of outstanding stock of Yatra Online and the offer price constituted 84 per cent premium to its closing price of $3.80 as on March 8. Ebix intends to merge Yatra Online into its