Easy Trip Planners bonus shares

Easy Trip Planners to Consider Bonus Shares in Upcoming Board Meeting Amid Stock Surge

In a move that could excite investors, Easy Trip Planners has announced that its board of directors will convene on October 14, 2024, to consider and potentially approve the issuance of bonus shares. This development comes as the company’s shares traded higher on October 9, 2024, reaching ₹33.46 per share on the NSE, a nearly 2% rise as of 3 PM.

Bonus shares often signal strong corporate confidence, and Easy Trip Planners’ history shows that the company has frequently rewarded shareholders with such bonuses.

Bonus Shares on the Horizon: What to Expect?

Bonus shares are additional shares issued to current shareholders, usually offered to boost liquidity in the market or signal robust financial health. This forthcoming meeting could pave the way for Easy Trip Planners to once again reward its investors with extra stock, possibly improving market sentiment even further.

The last time Easy Trip Planners announced a bonus share issue was in November 2022, when it declared a 3:1 ratio bonus. Here’s a look at the company’s recent bonus history:

Easy Trip Planners Bonus History:

The company’s consistent record of issuing bonus shares demonstrates its dedication to sharing profits with shareholders. Investors will be eagerly watching the outcome of the upcoming board meeting to see if this trend continues.

Block Deal Signals Major Shareholder Changes

In addition to the bonus share news, Easy Trip Planners also saw significant activity on the stock exchange in late September 2024. A block deal worth ₹176.5 crore resulted in 4.6 crore shares (representing a 2.6% stake) changing hands at a floor price of ₹38 per share.

This transaction may indicate shifting dynamics among major stakeholders. According to sources, the company’s promoter, Nishant Pitti, was involved in a block deal on September 25, 2024, where he sold 15 crore shares or an 8.5% stake. As of June 2024, Nishant Pitti held a 28.1% stake in the company.

Expansion into Electric Mobility: Easy Trip Planners Ventures into EV Market

In a move to diversify and expand its business, Easy Trip Planners has ventured into the electric vehicle (EV) market through its new subsidiary, Easy Green Mobility. This bold step aims to tap into the growing demand for electric buses, with the manufacturing operations spearheaded by Easy Green Mobility.

YoloBus, another subsidiary of EaseMyTrip, will serve as the operating arm for these electric buses. The company is positioning itself to benefit from the rapid global shift towards green transportation, potentially creating a new revenue stream alongside its traditional travel services.

Controversy: Flight Bookings to Maldives Suspended Amid Political Backlash

Earlier this year, Easy Trip Planners made headlines for suspending flight bookings to the Maldives. The decision came in response to a boycott trend triggered by controversial remarks made by some Maldives ministers against Prime Minister Narendra Modi. This suspension caused a stir in the travel industry, underscoring the company’s sensitivity to political and public sentiments.

Conclusion:

Easy Trip Planners is poised for significant developments, from the potential issuance of bonus shares to its strategic venture into electric mobility. Easy Trip Planners bonus shares, The upcoming board meeting on October 14, 2024, will be closely watched by investors hoping for positive news regarding bonus shares. Meanwhile, the company’s expansion into the EV market and involvement in high-value block deals signal a transformative phase for Easy Trip Planners, positioning it as a versatile and dynamic player in both the travel and electric mobility sectors.

FAQs:

1.When will Easy Trip Planners decide on the bonus shares?

A. The board of directors is scheduled to meet on October 14, 2024, to consider the issuance of bonus shares.

2.What was Easy Trip Planners’ last bonus share ratio?

A. The company issued bonus shares at a 3:1 ratio in November 2022.

3.How did Easy Trip Planners’ stock perform on October 9, 2024?

A. The stock saw a 2% rise, trading at ₹33.46 per share on the NSE.

4.What is the significance of Easy Trip Planners’ venture into EV buses?

A. Easy Trip Planners is entering the electric bus market through its subsidiary Easy Green Mobility, aiming to manufacture and operate EV buses.

5.Who sold a large stake in Easy Trip Planners in September 2024?

A. Nishant Pitti, a promoter of Easy Trip Planners, sold 15 crore shares, representing an 8.5% stake.

6.What was the value of the recent block deal involving Easy Trip Planners?

A. The block deal involved shares worth ₹176.5 crore, with 4.6 crore shares exchanging hands.

7.What is YoloBus’ role in Easy Green Mobility’s EV initiative?

A. YoloBus, a subsidiary of EaseMyTrip, will be the operating arm for Easy Green Mobility’s EV buses.

8.Why did Easy Trip Planners suspend flight bookings to the Maldives?

A. The suspension followed a boycott trend triggered by political remarks made by some Maldives ministers against PM Modi.

9.How much stake does Nishant Pitti hold in Easy Trip Planners?

A. As of June 2024, Nishant Pitti held a 28.1% stake in the company.

10.What is Easy Trip Planners’ plan for October 14, 2024?

A. The board will decide on the issuance of bonus shares during the meeting on October 14, 2024.

Easy Trip Planners bonus shares

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