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Yatra IPO: Investors may wait to see stable profit trend before taking the trip
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Haryana based Online Travel Agency (OTA) Yatra Online plans to raise up to Rs775 crore through a combination of a fresh issue of Rs602 crore and an offer for sale of Rs173 crore. Of the fresh issue proceeds, Rs 392 crore will be used for customer acquisition and retention and Rs 150 crore for strategic acquisitions.Its holding company is Yatra Onilne Inc., which is listed on the NASDAQ exchange in the US.
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