Board approved the Right Issue

EASEMYTRIP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.1%1-day move

₹7.89

prior close

₹7.88

base price

After-mkt

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AI summary

Easy Trip Planners Limited's Board has approved a Rights Issue of equity shares worth up to ₹5,000 million (₹500 crore). The new shares will be fully paid-up with a face value of ₹1 each. Existing eligible shareholders will receive rights to purchase shares based on their holdings as of the record date (to be announced separately). The Draft Letter of Offer has been approved for filing with SEBI and stock exchanges. The exact number of shares and issue price will be finalized later by the Rights Issue Committee and the Board.

Likely market impact

Shareholders will have the opportunity to maintain their ownership percentage by subscribing to the rights issue. However, the issuance will dilute existing shareholding, and the actual impact on stock price will depend on the final pricing and the company's disclosed use of proceeds.