Yatra Online, Inc. (YTRA) Announces $5 Million Share Repurchase Authorization

Yatra Online, Inc. ("Company" or "Yatra") (NASDAQ: YTRA) today announced that its Board of Directors has approved a share repurchase program, pursuant to which the Company is authorized to purchase up to $5 million of its outstanding ordinary shares, par value $0.0001 per share ("Ordinary Shares"), over an unlimited time period.

CEO and Co-Founder, Dhruv Shringi, commented on the development: "With our strong positioning in both consumer and corporate travel sectors in India, backed by our well-regarded consumer brand and a dominant corporate SaaS platform, we are poised for robust value creation. Our journey of transformation over the past three years during and since COVID has set a foundation for enhanced profitability and margin growth. Given this backdrop and a strong cash reserve post our successful IPO in India, the Board is authorizing a share repurchase of up to $5 million, underscoring our confidence in Yatra's future and our steadfast commitment to delivering shareholder value."

This authorization represents approximately 5% of Yatra's market capitalization based on the current share price. The share repurchase program is not yet effective and is subject to execution of definitive plan documents and regulatory cooling off period. Yatra's share repurchase program is not expected to have a fixed expiration date and is not expected to obligate the Company to acquire any specific number of shares. Under the program, shares may be repurchased from time to time in the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will be subject to the discretion of the Company and depend on a variety of factors, including the market price of the Ordinary Shares, general market and economic conditions, regulatory requirements, and other business considerations.

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