EaseMyTrip Bonus Issue: Travel Technology Platform To Issue 177.2 Crore Shares

Ease Trip Planners Bonus Share:  Travel technology platform Easy Trip Planners Ltd on Monday said its board had approved the issue of bonus shares. The board of directors meeting on Monday approved the issue of bonus shares in the ratio of one bonus share for every fully paid-up equity share, Easy Trip Planners, which operates under the brand IzmyTrip, said in a regulatory filing.

The bonus shares will also be issued from the company's available reserves till March 31, 2019.

"This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022," the company said.

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The bonus issue reflects our appreciation to the shareholders and underlines our confidence in the strong financial health of the company, said Nishant Pitti, CEO and co-founder of EaseMyTrip. As we expand, it is important to share our success with those who have supported us throughout, he added.

The total number of shares is 177.2 crore with a face value of Rs. The issue will be funded from 177.2 crore of the company's available Rs. 397.4 crore. The total share capital after the bonus will be Rs 354,408 crore, the company said.

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Disclaimer: This is a piece of news about the recent developments. Jagran does not advise investing, please do take expert opinion before investing.

(With Agencies Inputs)