Yatra Online, Inc. announced that it has entered into a cooperation agreement with Maguire Investment Trust ("Maguire Investment"), which owns 7.4% of the Company's outstanding common stock. As part of the agreement, Roshan Mendis will join Yatra's Board of Directors (the "Board") as an independent director, effective January 17, 2022. The Company also announced that Sean Aggarwal will retire from the Board effective January 18 due to other pressing commitments.
His retirement is not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. Mr. Mendis brings more than 20 years of experience in travel technology to Yatra's Board of Directors. He currently serves as Chief Commercial Officer of Sabre Travel Network.
Yatra Online, Inc. is an online travel company. The Company provides travel services to corporate and consumers. It allows leisure and business travelers to explore, research, compare prices and book a range of services catering to their travel needs through its Website and mobile applications, and other associated platforms. It operates through three segments: Air Ticketing, Hotels and Packages, and Other Services. Its services include domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. The Company also provides access through its platform to hotels, homestays, and other accommodations. Its applications include Yatra, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay. Its other services consist of rail tickets, bus tickets, taxi rentals and ancillary value-added services, such as travel insurance, visa processing and tickets for activities and attractions.