Yatra Online, Inc. and its Investor Group executed a Second Amendment to their Cooperation Agreement on October 16, 2024. This amendment modifies the terms of the existing agreement, which was originally dated July 17, 2022, and previously amended on August 29, 2023. The update ensures clarity on ongoing corporate governance arrangements.
The primary change in this amendment relates to the "Standstill Period" defined within the agreement. This period will now conclude on the earlier of two dates: 30 calendar days prior to the 2025 Annual General Meeting or 60 calendar days following the resignation of the Investor Group Designee. This adjustment provides specific timelines for the agreement's duration.
The amendment was formally signed by both the Company and the Investor Group, indicating mutual consent to the revised terms. This type of agreement typically outlines commitments from both parties regarding shareholdings, board representation, and other corporate actions. The modification reflects an ongoing management of investor relations and corporate structure.
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