Don’t Miss the Action: LIC-Held Stock Under Rs 35 Set to Announce Bonus Soon!

Life Insurance Corporation of India (LIC) holds a 2.17 per cent stake in the company, which amounts to 38,439,912 shares

Profit booking was observed in the Indian equity benchmark indices on Wednesday from higher levels, resulting in the frontline indices closing the day in red. However, stock-specific action continued on D-Street, and one stock that saw significant activity during Wednesday's session was Easy Trip Planners.

EaseMyTrip is one of India’s largest online travel platforms in terms of air ticket bookings, according to the CRISIL Report on the OTA Industry in India, February 2021. Shares of EaseMyTrip were active as the company is expected to announce a bonus soon.

The company has announced that a meeting of the Board of Directors is scheduled for Monday, October 14, 2024, to consider and approve the issuance of bonus shares. Previously, the company announced two bonuses in 2022, with the most recent being in the ratio of 3:1, meaning that for every share held on the record date, investors were eligible to receive three additional shares.

Recently, the company announced the grand opening of its first franchise store in Hyderabad, Telangana. This marks the 18th store launched under the company’s flagship program, EaseMyTrip Franchise. The opening of this new store further strengthens EaseMyTrip’s strategy to tap into the offline customer base through a strong network of retail outlets.

Interestingly, Life Insurance Corporation of India (LIC) holds a 2.17 per cent stake in the company, which amounts to 38,439,912 shares.

Disclaimer: The article is for informational purposes only and not investment advice.