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EaseMyTrip to raise INR 1,000cr via preferential issue

Easy Trip Planners, the holding company of aseMyTrip, said its board has given approval for raising up to INR 1,000 crore (around USD 120 million) through a preferential issue.

In an exchange filing, the company shared its board gave in-principle approval for “identifying the optimum combination of equity shares and /or warrants convertible into equivalent number of equity shares of the company to be issued on preferential basis for raising the funds up to INR 1,000 crore…”

The announcement comes days after EaseMyTrip acquired 13% stake in Eco Hotels and Resorts Limited in a share swap deal.

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