Easy Trip Planners Approves Bonus Share Issue | EaseMyTrip
By Rediff Money Desk, New Delhi Oct 14, 2024 16:20
Easy Trip Planners (EaseMyTrip) board approves bonus share issuance in 1:1 ratio, rewarding shareholders and reflecting strong financial health.
New Delhi, Oct 14 (PTI) Travel tech platform Easy Trip Planners Ltd on Monday said its board has approved issuance of bonus shares.
The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing.
The bonus shares will be issued from the company's available reserves as of March 31, 2024, it added.
"This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022," the company said.
EaseMyTrip CEO and Co-Founder Nishant Pitti said, "This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company's strong financial health. As we expand, it's important to continue sharing our success with those who have supported us throughout."
The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The issuance will be financed using Rs 177.2 crore from the company's available reserves of Rs 397.4 crore. After the bonus, the total share capital will stand at Rs 354.408 crore, the company said.
The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing.
The bonus shares will be issued from the company's available reserves as of March 31, 2024, it added.
"This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022," the company said.
EaseMyTrip CEO and Co-Founder Nishant Pitti said, "This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company's strong financial health. As we expand, it's important to continue sharing our success with those who have supported us throughout."
The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The issuance will be financed using Rs 177.2 crore from the company's available reserves of Rs 397.4 crore. After the bonus, the total share capital will stand at Rs 354.408 crore, the company said.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.85 ( -4.49)
- 60128195
- Vodafone Idea L
- 9.10 ( -0.87)
- 30647821
- Standard Capital
- 1.51 (+ 19.84)
- 30506923
- SRU Steels
- 8.11 ( -9.08)
- 27907590
- Rajnish Wellness
- 2.91 ( -8.20)
- 27783162
MORE NEWS
Sebi Monitors Market Infra Shareholding: New...
Sebi introduces a framework to monitor shareholding limits, public shareholding...
Saatvik Green Energy Wins Rs 302 Cr Solar...
Saatvik Green Energy has secured a Rs 302 crore contract to supply 200 MW of solar...
Gold Hits All-Time High in India: Rs 78,700 Per...
Gold prices in India reached a record high of Rs 78,700 per 10 grams on Monday, driven...