Yatra acquires Air Travel Bureau
July 26th, 2017
Yatra Online Inc, India’s second-largest online travel operator, has acquired corporate travel service provider Air Travel Bureau (ATB). ATB is India’s ‘largest corporate travel services provider’ with gross bookings of Rs 1,500 crore and a client base of 400 companies in the country. Yatra has agreed to acquire all of the outstanding shares of ATB and assume its debt. The debt amount has not been disclosed. ATB specialises in corporate travel management, MICE operations and leisure tourism. Its web site says it has been in this business for 54 years with a pan-India presence through a team of over 700 travel experts.