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Yatra Online, Inc. Receives NASDAQ Notification Letter
Newsfileยท 2025-04-21 12:30
Core Points - Yatra Online, Inc. has received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement, as the company's ordinary shares did not maintain a closing bid price of $1.00 per share from March 3, 2025, to April 14, 2025 [1] - The company has a compliance period of 180 days until October 13, 2025, to regain compliance by achieving a closing bid price of $1.00 or more for at least 10 consecutive business days [2] - If compliance is not regained by the deadline, the company may qualify for an additional 180-day compliance period, provided it meets other listing requirements [3] - The company is considering options to regain compliance, including a potential reverse stock split, but there is no guarantee of success [4] Company Overview - Yatra Online, Inc. is a leading corporate travel services provider in India, serving over 1200 corporate customers and offering a wide range of travel-related services [5] - The company has contracted approximately 108,000 hotels and homestays across 1,500 cities in India and around 2 million hotels globally, making it the largest platform for domestic hotels in India [5]