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EaseMyTrip Shares Soar 20% After Announcing Rs 500 Crore Fundraise Plan

Shares of Easy Trip Planners Ltd, which operates EaseMyTrip, surged by the 20% upper circuit limit following a major capital raise announcement. The company's board has approved a plan to raise up to Rs 500 crore through various methods like a QIP or rights issue. The capital is intended to fuel expansion in high-potential segments like hotels and holidays, alongside technology investments. This move is part of the company's strategy to build an integrated travel ecosystem and has contributed to a 13% share price increase over the past month.

Key Points: EaseMyTrip Shares Hit 20% Upper Circuit on Rs 500 Cr Fundraise

  • Shares hit 20% upper circuit
  • Plans to raise Rs 500 crore
  • Funds for hotel & holiday expansion
  • Board has approved proposal in principle
2 min read

EaseMyTrip shares hit 20% upper circuit after Rs 500 crore capital raise announcement

EaseMyTrip shares surged 20% after the company announced plans to raise up to Rs 500 crore to fund expansion in hotels, holidays, and technology.

"The fund raise may be undertaken in one or more tranches through permissible modes - Company Filing"

New Delhi, February 16

Shares of Easy Trip Planners Ltd, which operates popular travel-tech and aggregation platform EaseMyTrip on Monday hit a 20 per cent upper circuit.

At day's closing, the shares of the company traded at Rs 7.93, remaining at the upper circuit level. The upper circuit is the highest possible price that the stock of a publicly-listed firm can trade at on that particular day.

This sharp upmove in its share price comes soon after the company announced it plans to raise capital up to Rs 500 crore as part of its ongoing strategy to scale key growth areas and reinforce its financial strength.

The company's Board has approved, in principally, a proposal to raise funds through the issuance of equity shares and/or other eligible securities, subject to requisite approvals, the company informed stock exchanges earlier today in a filing.

The proposed capital raise is intended to support EaseMyTrip's expansion across high-potential segments, particularly in hotels and holidays, while also enabling continued investments in technology, platform enhancement, and strategic opportunities aligned with its long-term business priorities. The move is aimed at providing additional flexibility to execute growth initiatives while maintaining a disciplined approach to capital allocation, the company said in the exchange filing.

"The fund raise may be undertaken in one or more tranches through permissible modes under applicable law, including rights issue, qualified institutions placement (QIP), preferential issue, private placement or other approved methods, subject to regulatory and shareholder approvals," the company filing read.

Detailed terms including size, structure and timing will be determined at an appropriate stage in accordance with applicable regulations and market conditions.

The company said it is focused on building an integrated travel ecosystem through deeper supply partnerships, technology-led efficiencies, and expanded offerings, contributing to the evolving tourism infrastructure while maintaining a long-term value creation focus.

Cumulatively, over the past month, the shares of the company have risen by about 13 per cent, data showed.

- ANI

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Reader Comments

P
Priya S
I use their app frequently. Good to see an Indian company scaling up. Hope they use this money to improve customer service too. Sometimes the refund process can be a bit slow.
V
Vikram M
20% upper circuit is impressive! Shows strong investor confidence. The focus on hotels is smart—that's where the real competition is with MakeMyTrip and others. Let's see if they can capture more market share.
R
Rohit P
As a small investor, I'm cautiously optimistic. Raising 500 crores is a big move. The key will be how efficiently they deploy this capital. The travel tech space is getting crowded.
S
Sarah B
Interesting development. I hope this expansion includes better deals for international travel from India. Often find better prices on other platforms for hotels abroad.
N
Nikhil C
The stock has risen 13% in a month already. Seems like the market had some hint. While the growth story is good, valuations need to be watched. Don't want another hype cycle.
M
Meera T
More investment in tech is always welcome. Their UI is decent but can be better. If this helps them integrate local homestays and offbeat destinations, that would be a game-changer for Indian tourism.

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