Yatra denies ixigo stake-buy talks, calls CNBC Awaaz report 'inaccurate'
Yatra clarified to NSE/BSE that reports of ixigo promoters being in advanced talks to acquire a 15-20% stake from its 62.66% promoter holding are inaccurate. The denial follows ixigo's aggressive acquisition spree funded by its ₹1,295 Cr QIP, even as Yatra posted a 46% YoY Q4 profit drop to ₹8.2 Cr.
Yatra denied CNBC Awaaz report that ixigo promoters were in advanced talks to acquire 15-20% promoter stake. NSE/BSE sought clarification. ixigo has been on an acquisition spree using its ₹1,295 Cr QIP proceeds across travel and AI.
Why this matters
Denial lands as Yatra navigates a rough Q4 with profit nearly halving and revenue sliding 13.7%, while ixigo deploys ₹1,295 Cr QIP capital for acquisitions, fueling consolidation speculation in online travel.
Retail-company signals steady at 3,439 over 90 days, with OTA consolidation chatter rising.
Also reported by
- Inc42 · Buzz — Same time