EaseMyTrip Allots 12.57 Cr Shares For Various Acquisitions

The company’s board approved the allotment of fresh equity shares to acquired businesses Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet Education promoters Gagandeep Singh and Sanket Champaklal Shah

EaseMyTrip said that the allotted 12.57 Cr equity shares are worth INR 229.03 Cr, a premium of about 40% considering the closing price of the company’s shares of INR 13.09 yesterday on the BSE

The promoters and promoter group stake in the company will reduce to 48.62% from the erstwhile…