June 5, 2020 / 8:53 PM / a month ago

India's Yatra scraps merger deal with U.S. firm Ebix

June 5 (Reuters) - Indian travel services company Yatra Online Inc said on Friday it is terminating its pending merger agreement with U.S. software firm Ebix Inc and filed a litigation over Ebix's breach of agreement terms.

Ebix had agreed here to buy Yatra for an enterprise value of $337.8 million in 2019. (Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath)

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