M&A

M&A

Travel portal EaseMyTrip allots shares worth Rs.229-Cr for acquisitions

BSE Announcement   Inc42  

New Delhi-headquartered online travel aggregator (OTA) EaseMyTrip is to allot equity shares worth INR 229.03 Cr on a preferential basis to acquire stake (via share swaps ) in various businesses including Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet Education. Following the allotment, the allottees will cumulatively hold 3.42% stake in EaseMyTrip and the shareholding of EaseMyTrip’s promoters in the company will reduce to 48.62% (from 50.38%).