# Yatra Online, Inc. (YTRA) — tender_offer/third_party [announced]
Source: sec.gov · situation sit_d983f397790e47a1bf0c · public 8177986425123718475 · retrieved 2026-09-04T01:06:15.133Z

## Overview
Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, a publicly listed company on the NSE and BSE in India; it is India's largest corporate travel services provider in terms of number of corporate clients and the second-largest player in the TMC and corporate OTA segment, offering air ticketing, bus ticketing, rail ticketing, cab bookings, and ancillary travel services.

Magna Holdings Ltd., a British Virgin Islands private company, launched an unsolicited partial tender offer to acquire up to 20,000,000 ordinary shares of Yatra Online, Inc., representing approximately 31% of the company's outstanding shares (on an as-converted basis) as of June 30, 2026, at $1.10 per share in cash, less applicable withholding taxes. The Yatra Online board of directors unanimously rejected the offer on September 1, 2026, determining it to be inadequate and not in the best interests of the company and its shareholders. The board recommended that shareholders reject the offer and not tender their shares, citing concerns that the offer price substantially undervalues the company, provides no control premium despite seeking near-control ownership, lacks transparency about Magna's identity and plans, and is subject to numerous broad conditions that create significant uncertainty about consummation.

## Terms
- Counterparty: Magna Holdings Ltd. · Consideration: cash · Stake: 31% · Price/share: $1.1

## Key dates
- Announced 2026-09-01

## Timeline
- 2026-09-01 · SC 14D9/A (0001213900-26-096228): SC 14D9/A - Yatra Online, Inc. — *Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, a publicly listed company on the NSE and BSE in India; it is India's largest corporate travel services provider in terms of number of corporate clients and the second-largest player in the TMC and corporate OTA segment, offering air ticketing, bus ticketing, rail ticketing, cab bookings, and ancillary travel services.* Magna Holdings Ltd., a British Virgin Islands private company, launched an unsolicited partial tender offer to acquire up to 20,000,000 ordinary shares of Yatra Online, Inc., representing approximately 31% of the company's outstanding shares (on an as-converted basis) as of June 30, 2026, at $1.10 per share in cash, less applicable withholding taxes. The Yatra Online board of directors unanimously rejected the offer on September 1, 2026, determining it to be inadequate and not in the best interests of the company and its shareholders. The board recommended that shareholders reject the offer and not tender their shares, citing concerns that the offer price substantially undervalues the company, provides no control premium despite seeking near-control ownership, lacks transparency about Magna's identity and plans, and is subject to numerous broad conditions that create significant uncertainty about consummation.
  https://www.sec.gov/Archives/edgar/data/1516899/0001213900-26-096228.txt

## Citations
- 0001213900-26-096228 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026096228