Travel tech platform Easy Trip Planners Ltd on Wednesday said its board has approved raising Rs 500 crore through a rights issue. The board of directors has approved the issuance of equity shares on a rights basis for an amount not exceeding Rs 500 crore, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Fully paid-up equity shares of face value of Re 1 each will be issued as security, but the number of securities proposed to be issued and the issue price will be determined after finalisation of the terms of the rights issue by the board, as recommended by the rights issue committee, it added. The board has also approved the appointment of the necessary intermediaries in connection with the rights issue, the company said.
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The stock was in demand after Arthkumbh Ventures LLP bought shares of the company through a bulk deal
On Tuesday, Easy Trip Planners jumped 19.9 per cent to the day's high of ₹9.50, the highest level since August 21, 2025 on the National Stock Exchange (NSE)
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In a filing, the company announced the launch of 'Winter Carnival Sale', designed to help travellers plan their winter travel getaways with exceptional savings and seamless booking options