Yatra, which is an online travel agent has entered into a merger agreement with NASDAQ listed Terrapin 3 Acquisition Corporation (TRTL) which values Yatra at an enterprise value of $218 million.

TRTL is a special purpose acquisition company that is formed for the purpose of effecting a merger, acquisition, or similar business combination and had raised $212.75 million in its IPO in July 2014.

Founded by Nathan Leight and co-sponsored by affiliates of Terrapin Partners, LLC and affiliates of Macquarie Group Limited, the combined entity is going to be listed on NASDAQ as Yatra (YTRA).

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