Yatra Online signs MoU with Kanoo Travel for Middle East expansion

Marquee Jv AnnouncedStrategic Transactions View source PDF

YATRA · price

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-3.7%1-day move

₹114.18

prior close

₹114.13

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AI summary

Yatra Online, via wholly owned subsidiary Yatra Middle East LLC, signed an MoU with Kanoo Global Travel Holding and its parent to deploy Yatra's enterprise travel and expense platform across the Middle East. The 7-year deal includes a Global Operations Centre for 24x7 multilingual support. Marks Yatra's first major international expansion into one of the world's fastest-growing business travel markets. Financial terms not disclosed; not a related party transaction.

Likely market impact

Positive for international growth story; revenue contribution not quantifiable yet. Not a related party transaction.