Approval of the Right issue by the Board on 13th May, 2026 (Adjourned matter from Meeting held on 11th May, 2026)
EASEMYTRIP · price
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Easy Trip Planners Ltd (EASEMYTRIP) board has approved a Rights Issue of equity shares with a target size not exceeding ₹5,000 million (₹500 crore). Fully paid-up equity shares of face value ₹1 each will be offered to eligible shareholders on a rights basis. The Draft Letter of Offer (DLOF) has been approved for filing with SEBI and stock exchanges. The exact number of shares and issue price will be determined later by the Rights Issue Committee. A Record Date for determining eligible shareholders will be intimated separately. This was an adjourned board meeting item from May 11, 2026.
The ₹500 crore rights issue will dilute existing shareholder stakes but could provide capital for growth or debt reduction. Current shareholders will have the opportunity to maintain their proportional ownership by subscribing to their rights entitlement.