EaseMyTrip Board Approves 1:1 Bonus Share Issue

EaseMyTrip’s board has approved issuing one bonus equity share for every fully paid-up equity share, marking its third bonus share issue. The company will issue 177.20 crore shares, requiring INR 177.20 crore, with funds available in its free reserve and share premium account as of March 31, 2024. The bonus shares will be credited to shareholders’ demat accounts by December 12, 2024. This move aims to reward shareholders and enhance liquidity in the market. EaseMyTrip previously issued bonus shares in October 2022 in a 3:1 ratio and conducted a stock split. The company continues to leverage its strong financial position to benefit its shareholders and maintain investor confidence. This strategic decision reflects EaseMyTrip’s commitment to growth and shareholder value, reinforcing its position in the travel tech industry.