Yatra Online: Plunges on $10 mln stock offer; co flags COVID-19 hit

Yatra Online

19/06/2020 13:09

** U.S.-listed shares of Indian online travel firm  YTRA.O 
drop 19.6% to $0.78 premarket
    ** Co prices 12.5 mln shares at $0.80 per share,
representing 19.6% discount to Thursday's close
    ** Gross proceeds expected to be $10 mln; YTRA intends to
use net proceeds for general corporate and business purposes
 urn:newsml:reuters.com:*:nPn3FW2TXa
    ** YTRA has 45.6 mln outstanding shares giving a market
value of $44.3 mln - Refinitiv data
    ** Co late Thursday flagged COVID-19 pandemic's impact on
its business, expects significant drop in rev
    ** Cites higher cancellations, refunds and lower new
bookings in air ticketing, hotels and packages segments
 urn:newsml:reuters.com:*:nL4N2DV4OW
    ** YTD, stock down ~69%, as of last close 

 (Reporting by C Nivedita)
 ((c.nivedita@thomsonreuters.com))