Your project should include following points :-

i) A brief introduction about the companies that are merged/acquired.

ii) Reason for Merger/Acquisition
iii) About the deal (the value and Valuation method, the consultants involved, the
price paid, any other details known)
iv) Synergies and Integration
v) Problems/Challenges faced
vi) The Final Outcome (was it a failure or a success)
vii) The future plan

Brief Introduction –

About Yatra Online, Inc. and Yatra.com

Yatra Online, Inc. is the parent company of Yatra Online Private Limited ("Yatra" or "Yatra.com"), a
leading online travel company.

Based in Gurgaon, India, Yatra is a one-stop-shop for all travel-related services. A brand that believes
in "Creating Happy Travellers," Yatra provides information, pricing, availability, and booking facilities
for domestic and international air travel, domestic and international hotel bookings, holiday
packages, buses, trains, in-city activities, inter-city and point-to-point cabs. As a leading consolidator
of accommodation options, Yatra provides bookings for more than 65,000 hotels in India and more
than 500,000 hotels around the world.

Customers can access Yatra in multiple ways: through a user-friendly website (www.yatra.com),
mobile optimized WAP site and applications, a multilingual call centre, a network of Holiday Lounges
& Yatra Travel Express stores.

Launched in August 2006, Yatra was ranked the Most Trusted Online Travel Brand in India in the
Economic Times' Brand Equity Survey 2016, and won 'First Prize - Domestic Tour Operator (Rest of
India)' at the India Tourism Awards held in July 2016.

About ATB
The largest partner by gross bookings in the UNIGLOBE network and operational since 1962, ATB is
one of India's leading corporate travel service providers. With annual Gross Bookings of INR 15
Billion, ATB specializes in corporate travel management, MICE operations and leisure tourism. With a
proven track record of 54 years and all India presence, ATB's 700+ travel experts enable employees
from more than 400 large and medium sized businesses to travel across the globe. For more
information, visit http://www.uniglobeatb.com/.

Yatra Attains Leadership Position in Corporate Travel with the Acquisition of Air Travel Bureau Ltd

Gurgaon, India and New York, July 23, 2017 Yatra Online, Inc. ("Yatra" or the "Company") (Nasdaq:
YTRA and OTCQX: YTROF) today announced that it has entered into a definitive agreement, through
its subsidiary, Yatra Online Private Limited, under which it will acquire Air Travel Bureau Ltd. ("ATB"),
which is India's largest independent corporate travel services provider with Gross Bookings of INR 15
Billion generated through a diverse client base of over 400 large and medium sized businesses across
India.

Reason for acquisition - The acquisition significantly strengthened Yatra’s position in the large and
growing corporate travel market in India. As a combined entity, they are now the largest corporate
travel services platform in India by Gross Bookings. This acquisition would enable them to deliver
best-in-class experiences to an even wider set of travellers, through our web and mobile app
platforms and enhance their reach to cross-sell their entire product suite, including hotels, to this
customer base, as stated by Dhruv Shringi, Co-Founder and Chief Executive Officer, Yatra Online,
Inc.

“ATB has built a very strong presence over the last 30 years in the corporate travel space," said Sunil
Narain, Chairman and Chief Executive Officer, ATB. "We're excited for ATB to join the Yatra family
and for our teams to work together to further enhance the offerings we provide to our customers
and partners by leveraging Yatra's technology platform and large hotel network."

The acquisition of Air Travel Bureau ('ATB'), one of India's largest independent corporate travel
companies during the quarter enabled us to create India's largest corporate travel platform with
over 660 large customers. ATB for the moment continues to operate as an independent entity and
we expect further growth and improved operating leverage once the ATB business is fully
integrated."

The Boards of Directors of both companies have approved the transaction. The first Closing to
acquire majority of the outstanding shares is expected to occur by mid-August, 2017 and the second
Closing is expected to occur in Q2 of the 2018 calendar year, subject to other customary closing
conditions.

Pursuant to the terms of the definitive agreement, Yatra has agreed to acquire all of the outstanding
shares of ATB and assume its debt.

Outcome/ Impact on Yatra’s Financials –

Online travel company Yatra has posted financial results for the second quarter of FY19 with a strong
control over its losses by 48.6% reaching $2.2 Mn (INR 16.01 Cr).

The financial results for the quarter ended on September 30, 2018, includes 100% of the financial
and operating results of Air Travel Bureau, the company it acquired in August 2017.

Financial and Operating highlights for the three months ended September 30, 2017:

 Revenue increased by 33% year-over-year (YOY) to INR 2,575.3 million.

 Revenue Less Service Cost[1] increased to INR 1,689.8 million, representing an increase of
46.1% YOY.

 Revenue Less Service Cost[1] from Hotels and Packages increased to INR 320.1 million, an
increase of 42.3% YOY.
  Standalone Hotel Room Nights Booked during the quarter of 0.4 million, represented an
increase of 47.7% YOY.

 Revenue Less Service Cost[1] from Air Ticketing increased to INR 1,200.1 million, an increase
of 40.3% YOY

 Gross Air Passengers Booked were 2.2 million representing YOY growth of 31.7%.

 Total Gross Bookings (Air Ticketing and Hotels and Packages) [3] reached INR 21.9 billion
representing YOY growth of 40.2%.

 Adjusted EBITDA[2] Loss of INR 288.5 million, an improvement of 12.1% YOY

About the deal –

Yatra Online Inc, India’s second-largest online travel operator, has acquired corporate travel services provider Air
Travel Bureau (ATB) in an estimated cash-and debt deal of $22.5-27.5 million, the Nasdaq-listed company
announced on Monday.

The acquisition has been made through Yatra’s online subsidiary Yatra Online Pvt Ltd, and the company will pay
about $8 million at the time of the first closing, expected to take place in mid-August, acquiring the majority of TB
shares in the process.

The balance of the payment will be made during the second closing, which is expected to occur in the second
quarter of 2018, company executives said during the call. The transaction has been financed through a mix of
debt and cash in the bank.

Yatra expects a net revenue contribution of between 8% and 10% from ATB for 2017-18.