ALPHA TRIBE

Yatra Online LimitedOthers, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

11-02-2025 | 05:07 am

Yatra Online Limited has confirmed that there was no deviation in the utilization of funds raised during its IPO, which totaled ₹7,750 million. The audit committee reviewed this statement at a board meeting. The proceeds, allocated primarily for strategic investments and customer acquisition, were utilized as originally disclosed, with a total of ₹4,938.25 million used by the end of December 2024. Shareholders may view this consistency positively, reinforcing confidence in management's compliance and operational strategy, while also highlighting a strong financial framework for growth initiatives.

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