EaseMyTrip Rewards Shareholders with Bonus Shares

EaseMyTrip announces a new issuance of bonus shares, reflecting their commitment to shareholders. This marks the third bonus issuance, reinforcing the company's financial health and growth strategy. A total of 177.2 crore shares will be issued, with financing from existing reserves.

Travel tech firm Easy Trip Planners Ltd, operating as EaseMyTrip, has unveiled its decision to issue bonus shares, a move approved by its board of directors on Monday.

The bonus shares will be issued in a one-for-one ratio, backed by the company's reserves as of March 31, 2024. This strategic decision marks the company's third such issuance, following successful distributions in 2022.

CEO and Co-Founder Nishant Pitti emphasized that the issuance demonstrates EaseMyTrip's gratitude toward shareholders and confidence in its financial stability. The issuance will involve 177.2 crore shares at Re 1 each, funded from the company's Rs 397.4 crore reserves, elevating the total capital to Rs 354.408 crore.

(With inputs from agencies.)