Ebix Inc Proposes to Aquire Yatra.com

Online travel service provider Yatra is reviewing the proposal from Ebix Inc to acquire all the outstanding shares of the company, it said in a statement.

"Consistent with its fiduciary duties, and in consultation with its independent legal and financial advisors, the company’s Board of Directors will review and consider the proposal to determine the course of action that it believes is in the best interest of the company and all of its shareholders. Company shareholders do not need to take any action at this time," it said in a statement.