Revised Record Date Announced For 1:1 Bonus Share: LIC-Backed Stock Under Rs 35; Company strengthens its retail presence, unveils new franchise store in Jabalpur
On Friday, the shares of the company were trading at Rs 32.01 per share, up 8.60 per cent from its previous closing of Rs 29.48 per share.
EaseMyTrip expands its offline presence in Central India with a new franchise store in Jabalpur, Madhya Pradesh. This 20th store opening under their franchise program strengthens their commitment to personalized travel services. The state-of-the-art location offers comprehensive travel solutions like flights, hotels, and holiday packages, along with expert consultants to assist customers in a welcoming environment. This expansion aligns with their goal of establishing 100 retail stores by FY25.
Additionally, Easy Trip Planners Ltd., a leading online travel tech platform, has announced a 1:1 bonus share issue, rewarding its shareholders with one additional share for every share held. This decision, approved by the board of directors, is backed by the company's strong financial position, with the issuance to be financed from available reserves as of March 31, 2024. This marks the third bonus share issue by EaseMyTrip in the past two years, underlining its commitment to shareholder value and growth. The Board revised the record date for the bonus share issue to Friday, November 29, 2024.
Earlier, the company partnered with BNZ Green to promote eco-friendly travel. This collaboration will integrate real-time carbon footprint tracking and a blockchain-based carbon offset program into EaseMyTrip's booking platform. Travelers can now view their flight's carbon emissions and choose to offset them by purchasing verified carbon credits. This initiative aims to raise environmental awareness and empower travellers to make more sustainable choices, positioning EaseMyTrip as a leader in sustainable travel solutions.
On Friday, the shares of the company were trading at Rs 32.01 per share, up 8.60 per cent from its previous closing of Rs 29.48 per share. The stock’s 52-week high is Rs 54 and its 52-week low is Rs 28.45.
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About Easy Trip Planners Ltd
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. The company has a market cap of over Rs 5,000 crore and LIC owns a 2.17 per cent stake in the company.
Earlier, Easy Trip Planners Ltd, through its new subsidiary Easy Green Mobility, ventured into the electric bus manufacturing market. The company aims to manufacture EV buses, with YoloBus serving as its operating arm. This initiative marks a significant milestone in EaseMyTrip's commitment to sustainable mobility. With a focus on cutting-edge technology and energy-efficient battery systems, Easy Green Mobility aims to capture a significant share of the growing Indian electric bus market, offering innovative and eco-friendly travel solutions.
Disclaimer: The article is for informational purposes only and not investment advice.