Easy Trip Planners shares rise for the second day, rallied more than 40% in 2 sessions

The company also announced a bonus issue of three shares for every one share held in October i.e. sub division of equity shares in the ratio of 3:1 and stock split in the ratio of 1:2. The company said that the bonus shares will be issued out of the free reserves created from the profits of the company available till March 31, 2022.

“It is informed that the Board at its meeting held inter alia has considered and approved the following items subject to shareholder approval: Sub-division of each existing equity share of face value/ the division The company had announced in an exchange filing on October 10 that 2 fully paid-up equity shares of face value of Re 1 each and three bonus equity shares for each fully paid-up equity share have been issued .

A stock split increases the number of shares outstanding by issuing more shares to existing shareholders. A company engages in a stock split decision to make its stock more affordable if its price level is too high, which will increase the liquidity in the stock. During this, bonus shares Fully paid-up additional shares issued by a company to its existing shareholders.

explaining the rationale, easy trip planners said that “The company and its subsidiaries have grown significantly in terms of business and performance over the years. This is reflected in the share price of the company. As the stock price will rise further, it will be bullish for small would be difficult.” potential shareholders to participate in the future of the Company.” The approximate date by which such bonus shares will be credited/dispatched shall be within 2 months from the date of Board’s approval i.e. by December 8, 2022.

EaseMyTrip provides travel agents access to its website to book domestic travel airline tickets to cater to the offline travel market in India.