1:1 Bonus Share: LIC-Backed Debt-Free Stock Under Rs 20 In Green As Board To Raise Funds via Preferential Issue
The shares of the company saw a spurt in volume by more than 1.36 times on BSE.
On Thursday, the shares of Easy Trip Planners Ltd gained 1.65 per cent to Rs 16.64 per share from its previous closing of Rs 16.37 per share. The stock’s 52-week high is Rs 27 and its 52-week low is Rs 14.23. The shares of the company saw a spurt in volume by more than 1.36 times on BSE.
Easy Trip Planners Ltd. will hold a Board Meeting on December 8, 2024, to discuss and potentially approve the issuance of new shares to specific investors through a preferential allotment. This decision is in line with previous Board discussions on investments and shares issuances held on September 17, 2024, and November 15, 2024. The proposed share issuance is subject to regulatory approvals and shareholder consent.
A publicly traded Indian travel platform, EaseMyTrip is one of the largest for air ticketing and among the fastest-growing internet companies. Founded in 2008 and profitable since the beginning, they offer flights, hotels, holidays, rail & bus tickets and other travel needs with no convenience fees. They connect users to over 400 airlines, 2 million hotels, and various local transportation options, operating in India with offices in major cities and internationally through subsidiaries.
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The shares of Easy Trip Planners Ltd were ex-traded on Friday, November 29, 2024, in a 1:1 bonus share issue. This means that if you purchased shares on or after this date, you would not be eligible for the bonus shares. The company has a market cap of over Rs 5,900 crore and LIC owns a 2.17 per cent stake in the company.
Disclaimer: The article is for informational purposes only and not investment advice.