India’s VC-backed Yatra Online agrees backdoor US listing
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Under the arrangement, NASDAQ-listed Terrapin 3 Acquisition Corporation will acquire Yatra and relist under the Yatra brand to accelerate the newly public company's growth through increased access to capital...
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