Indian travel firm Yatra cancels merger deal with US-based Ebix, files lawsuit

Gurugram-based online travel agency Yatra has announced that it is terminating a pending merger agreement with US-based software company Ebix. Yatra has also filed litigation, seeking "substantial" damages from Ebix over alleged breach of deal terms. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million (around ₹2,552 crore).