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Ease My Trip’s board approves issuance of bonus shares

India’s second-largest online travel platform – EaseMyTrip on Wednesday declared bonus issue of shares in the ratio of 1:1 out of its free reserves created out of profit and it is subject to the shareholders’ approval, the company said in a post-market filing to exchanges.
According to the press statement of the company, “The Board of Directors at its meeting held on 12th January 2022, have approved and recommended the issuance of fully paid-up Bonus Shares in the ratio of 1:1 out of its free reserves created out of profit.”
“The pre-bonus issue paid-up equity share capital as of date is Rs 217,290,000 divided into 108,645,000 Equity Shares of Rs 2 each. The post-bonus paid-up share capital Rs 434,580,000 divided into 217,290,000 equity shares of Rs 2 each,” EaseMyTrip also said in a filing.
Looking on the new avenues for progress from the non-air section and continued give attention to monetary and operational effectivity, the corporate will proceed to generate worth for its stakeholders, Pitti stated. EaseMyTrip stated the plan for bonus shares comes on the heels of sturdy outcomes reaching a four-fold bounce in revenue within the second quarter of FY22. It has additionally declared interim dividends twice since its itemizing in March 2021. The firm has lately introduced acquisition of firms like Spree Hospitality, Traviate and Yolobus to strengthen its presence within the non-air section.

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