EaseMyTrip announces issuance of 1:1 bonus share following board approval

EaseMyTrip continues to reward its shareholders with a 1:1 bonus share issuance, marking the third such announcement in recent years

EaseMyTrip.com has approved the issuance of 1 (one) bonus equity share for every 1 (one) fully paid-up equity share, as per the decision of the board meeting held today. The bonus shares will be issued from the company’s available reserves as of March 31, 2024. This move highlights EaseMyTrip’s commitment to rewarding shareholders, following two successful bonus issuances in 2022.

Nishant Pitti, CEO and Co-Founder, EaseMyTrip, commented: “This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company’s strong financial health. As we expand, it’s important to continue sharing our success with those who have supported us throughout.”

The key details of the EaseMyTrip bonus issue include a 1:1 bonus ratio, meaning one bonus share will be issued for every fully paid-up equity share. The total number of shares to be issued are 1,77,20,40,618 at a face value of Rs. 1/- each. The issuance will be financed using INR. 1772.04 million from the company’s available reserves of INR. 3973.96 million. After the bonus, the total share capital will stand at INR. 3544.08 million, reflecting the company’s growth and its commitment to rewarding shareholders.

EaseMyTrip has steadily grown its market presence, remaining profitable while expanding into new segments and maintaining a customer-centric approach.