Stock under ₹20 jumps after it acquires 49% stake in 3 companiesStock under ₹20 jumps after it acquires 49% stake in 3 companies

Introduction:

Prominent travel services company has signed agreements to acquire significant stakes in three firms expanding its portfolio and global reach through equity share swaps.

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Share price movement of Easy Trip Planners:

On December 09, 2024, Easy Trip Planners Ltd opened at ₹17.11, up 2.09% from its previous close of ₹16.76. The stock reached a high of ₹17.33 (3.39%) and a low of ₹16.94. At 10:45 AM, it traded at ₹17.05, a 1.73% increase, with a market cap of ₹6,046.20 crore.

ETPL acquires stakes in companies:

Easy Trip Planners Limited (ETPL) entered into definitive agreements to acquire stakes in three companies: Pflege Home Health Care Center (49.03%), Jeewani Hospitality (50%), and Planet Education Australia (49%). This marks a significant expansion for ETPL.

The acquisitions are to be completed through equity share swaps, with ETPL issuing fully paid-up shares to the relevant parties. The deals are subject to regulatory approvals, including shareholder approval. The purchase consideration for each investment was also disclosed in the filing with the stock exchanges.

ETPL’s acquisitions are expected to enhance its business diversification and global presence. The company provided detailed disclosures in line with SEBI regulations and will host this information on its website.

Recent news on Easy Trip Planners:

As of December 02, 2024, Easy Trip Planners Ltd. shares turned ex-bonus following the 1:1 bonus share issue. This marks the third instance of the company issuing bonus shares, reinforcing its commitment to rewarding shareholders.

Stock performance of Easy Trip Planners for Period of 1 week, 6 months and 1 year:

Over the past week, Easy Trip Planners Ltd saw a decline of 2.95%. The stock has dropped by 20.9% over the last six months and 13.1% over the past year, reflecting challenging market conditions and performance.

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Shareholding pattern of Easy Trip Planners:

All values in %	Dec  2024	Sep 2024	Jun 2024
Promoter	50.40%	50.40%	64.30%
FII	3.00%	2.50%	2.60%
DII	2.50%	2.60%	2.60%
Public	44.10%	44.50%	30.50%

About Easy Trip Planners:

Easy Trip Planners Ltd. (EASEMYTRIP) offers a wide range of travel-related services under the brand “Ease My Trip.” It provides end-to-end travel solutions, including airline tickets, hotel bookings, holiday packages, and ancillary services like insurance and visa processing.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.