Scheme of Arrangement
What happened
FactScheme of Arrangement. TG Stays Private Limited (‘YATRA TG’ or ‘Amalgamating Company 1’), Yatra Hotel Solutions Private. Travel.Co.In Private Limited (‘TCIPL’ or ‘Amalgamating Company 5’), Yatra Online Freight Services Private.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
DelayedAs things move forward, we do expect that at least in the second half of the year, we are already seeing some degree of normalization in the capacity.
As Dhruv earlier said in his speech, our Q2 volumes are looking 50% better than what we have seen in Q1.
Change
FactImplication
CapitSignal interpretationMargins
Revisedwe believe the EBITDA margins can progress into the 30% range over time.
we do expect margins to improve in the second half of the year.
Change
FactImplication
CapitSignal interpretationMargins
Revisedwe do feel confident that we'll get back to that 30% aspiration in the midterm.
in the second half of the year, we should start being pretty close to the 20% mark before scaling up again from there.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- We are introducing preliminary guidance for FY26, projecting approximately 20% growth in Revenue Less Service (management committed by FY26)
Evidence
- Yatra Online Limited has informed the Exchange about notices being sent to the Equity Shareholders and Unsecured Creditors pursuant to order of NCLT, Mumbai Bench.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%