Easy Trip Planners surges on entering into agreements to acquire stakes in Pflege, Jeewani, Planet

09 Dec 2024 Evaluate

Easy Trip Planners is currently trading at Rs. 17.05, up by 0.29 points or 1.73% from its previous closing of Rs. 16.76 on the BSE.

The scrip opened at Rs. 17.11 and has touched a high and low of Rs. 17.33 and Rs. 16.94 respectively. So far 2670926 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 27.00 on 08-Feb-2024 and a 52 week low of Rs. 14.23 on 23-Oct-2024.

Last one week high and low of the scrip stood at Rs. 17.80 and Rs. 16.29 respectively. The current market cap of the company is Rs. 6046.20 crore.

The promoters holding in the company stood at 50.38%, while Institutions and Non-Institutions held 5.14% and 44.47% respectively.

Easy Trip Planners has entered into Share Purchase agreement and Investment cum Shareholders’ agreement with Pflege Home Health Care Center L.L.C (Pflege) to acquire 49.03% stake in the aggregate paid-up share capital of Pflege. The objective of the proposed acquisition/ investment is to further diversify and inorganically expand the existing business operation of the Company.

The company has also entered into Share Subscription agreement, and Shareholders’ agreement with Jeewani Hospitality (Jeewani) to acquire 50% stake in the aggregate paid-up share capital of Jeewani. Cost of acquisition is Rs 100 crore.

Furthermore, the company has entered into Share Purchase agreement and Shareholders’ agreement with Planet Education Australia Pty (Planet) to acquire 49% stake in the aggregate paid-up share capital of Planet. 

Easy Trip Planners offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.

Easy Trip Planners Share Price

16.20 -0.38 (-2.29%)
20-Dec-2024 16:59 View Price Chart
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