1:1 Bonus Share: LIC-Backed Stock Under Rs 35 To Keep Under Radar As Company Join Forces With BNZ Green to Promote Eco-Friendly Travel
The company has announced a 1:1 bonus share issue, rewarding its shareholders with one additional share for every share held.
In a move that signifies a major step towards eco-friendly travel, EaseMyTrip, a leading online travel platform in India, has joined forces with BNZ Green, a company at the forefront of sustainable technology solutions. This partnership marks a significant commitment from EaseMyTrip to reduce the environmental impact of tourism and empower travellers to make greener choices.
Through this collaboration, EaseMyTrip will integrate BNZ Green's innovative technology directly into its booking platform. This seamless integration will introduce two key features: real-time carbon footprint tracking and a secure, blockchain-based carbon offset program. Travelers will now be able to see the carbon emissions associated with their flights in real-time, allowing them to make informed decisions. Additionally, the platform will offer travellers the option to directly purchase carbon credits to offset their flight's footprint. These carbon credits will be verified and stored securely on a blockchain, providing complete transparency and peace of mind.
This initiative is expected to raise environmental awareness among travellers and encourage them to become more responsible tourists. With this partnership, EaseMyTrip positions itself as a leader in sustainable travel solutions, catering to the growing demand for eco-friendly options from environmentally conscious consumers. The integration of BNZ Green's technology is a testament to EaseMyTrip's commitment to innovation and building a more sustainable future for the travel industry. As travel evolves, EaseMyTrip prioritizes not only meeting the needs of modern travellers but also contributing to a greener and more responsible tourism landscape.
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 record date for the bonus share issue has been set for November 28, 2024.
Earlier, The company's promoter, Nishant Pitti. Pitti offloaded a substantial quantity of shares, totalling 49,30,99,666, worth a staggering Rs 18,40,13,12,449. These shares were sold to various retail investors through open-market transactions.
On Monday, the shares of the company were trading at Rs 29.75 per share, down 1.33 per cent from its previous closing of Rs 30.15 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.