Yatra Online acquires corporate travel agency Globe Travels for ₹128 crore

Online travel agency Yatra Online Ltd on Monday said that it has acquired Globe All India Services Ltd (Globe Travels) from Ramkrishna Forgings Ltd for ₹128 crore, marking a strategic move to bolster its corporate business and drive inorganic growth.

The acquisition, expected to be completed this quarter, will enhance Yatra’s capabilities in the reservation and booking services sector, which spans both corporate and leisure travel, as well as tour planning and car rentals, the company said in a statement to the stock exchanges.