Easy Trip Planners Limited has informed the Exchange about General Updates
EASEMYTRIP · price
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Awaiting price reaction for this filing.
Easy Trip Planners (EaseMyTrip) had planned a INR 60 crore share-swap deal to acquire 30% stake in Rollins International Private Limited. On April 12, 2025, the company allotted 3.29 crore equity shares to Rollins, and had applied to NSE and BSE on May 2, 2025 for listing approval of these shares. However, on June 25, 2025, Rollins informed the company that its management has decided to completely withdraw from the transaction. The listing approvals from the stock exchanges were still pending at the time of Rollins' withdrawal. Easy Trip Planners is now evaluating its legal options to deal with this termination.
This is a negative development for EaseMyTrip shareholders as the strategic 30% acquisition has fallen through. Investors should watch for further updates on potential legal recourse and whether the newly issued shares (3.29 crore) to Rollins will be dealt with — this could affect short-term share supply and sentiment.