Yatra Online Ltd on Friday announced that National Company Law Tribunal ( NCLT), Mumbai Bench approved its petition for amalgamation of its six wholly-owned subsidiaries.
Marking a significant development for the Indian travel-tech sector, this scheme involves the merger of the following six entities into Yatra Online Limited:
This move aims to streamline operations, eliminate duplication of efforts, and enhance overall efficiency across business verticals.
In its order, the NCLT directed the amalgamating companies and Yatra Online to issue formal notices to a range of regulatory bodies, including the Central Government, Reserve Bank of India, Securities and Exchange Board of India (SEBI), Income Tax Authorities, Registrar of Companies, and the Competition Commission of India, among others.
These authorities have been given a window of 30 days from the date of receipt of the notices to submit their representations or objections, if any. The companies are also required to file affidavits confirming the completion of notice delivery and publication.
The next hearing in the matter is scheduled for August 13, 2025.
Marking a significant development for the Indian travel-tech sector, this scheme involves the merger of the following six entities into Yatra Online Limited:
- Yatra TG Stays Private Limited
- Yatra Hotel Solutions Private Limited
- Yatra for Business Private Limited
- Yatra Corporate Hotel Solutions Private Limited
- Travel.Co.In Private Limited
- Yatra Online Freight Services Private Limited
This move aims to streamline operations, eliminate duplication of efforts, and enhance overall efficiency across business verticals.
In its order, the NCLT directed the amalgamating companies and Yatra Online to issue formal notices to a range of regulatory bodies, including the Central Government, Reserve Bank of India, Securities and Exchange Board of India (SEBI), Income Tax Authorities, Registrar of Companies, and the Competition Commission of India, among others.
These authorities have been given a window of 30 days from the date of receipt of the notices to submit their representations or objections, if any. The companies are also required to file affidavits confirming the completion of notice delivery and publication.
The next hearing in the matter is scheduled for August 13, 2025.
You may also like
Bombay HC Dismisses Contempt Plea By Sameer Wankhede's Father Against NCP Leader Nawab Malik Over Alleged Defamatory Remarks
Urgent update from police on missing boy, 11, after hundreds of locals join search
Bombay HC Quashes BMC's Road Line Sanction Through Plot Under Ongoing Slum Rehab Scheme
Before father shot tennis player, a bitter 15 days, threat of shooting & a mind poisoned
Conservators reintroduce dazzling splendor of King Tut for Grand Egyptian Museum opening
