News: Yatra.com appoints three independent directors

Appointments

Yatra.com appoints three independent directors

The company has also filed a draft red herring prospectus (DRHP) and looks forward to the sale of up to 9,328,358 equity shares.
Yatra.com appoints three independent directors

Travel and tourism management company Yatra Online Limited (Yatra.com) has appointed three non-executive independent directors. The company has named Rohit Bhasin, Deepa Misra Harris and Ajay Narayan Jha for the same.

Commenting on their appointment, Dhruv Shringi, a whole-time director and CEO, of Yatra said, “We look forward to their vision as part of our continued strategic transformation to become a one-stop-shop for all consumer and corporate travel demands and needs. I truly believe, given their experience and passion, that they will be an invaluable asset to the company. We are thrilled to embark on our new journey with them as part of our team and the DRHP filing in India as the industry continues to grow.”

According to a report carried out by Financial Express, Jha comes with the experience of more than 37 years of working with the Government of India in different roles. He has been an IAS officer, serving the Union Ministry of Finance. 

Bhasin also comes with 37 years of experience as a chartered accountant, who worked with companies namely Standard Chartered Bank, AIG Inc, and PricewaterhouseCoopers (PwC). 

Deepa is an expert in marketing and public relations in the hospitality industry. Currently, she is associated with PVR limited, Jubilant Foodworks Ltd, ADF Foods Ltd, TCPL Packaging Limited, Prozone Intu Properties Ltd and Taj Safaris. Earlier, she has also been associated with Taj Group of Hotels.

Recently Yatra also filed a draft red herring prospectus (DRHP) for an initial public offering fresh issue aggregating up to Rs 7,500 million and an offer for sale of up to 9,328,358 equity shares including 8,896,998 equity shares by (THCL) Travel Holding Cyprus Limited, one of its promoters.

Commenting on this, Dhruv noted that the proposed equity offering and the listing will help the company accelerate its organic growth plans. Through this, the company will also have a chance to explore inorganic growth opportunities as the travel and tourism industry recover on the back of easing covid restrictions. 

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Topics: Appointments

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