Easy Trip Planners' board approves allotment of 130.37 crore bonus shares; stock jumps ~2%

23 Nov 2022 , 01:58 PM

Easy Trip Planners Limited informed that the board of directors of the company has approved the allotment of 1,30,37,40,000 equity shares of the face value of Rs1 each as fully-paid up bonus equity shares, in its meeting held on November 23, 2022.

The company will issue shares in the ratio of 3:1, i.e., 3 fully-paid up equity shares will be issued for every 1 equity share held in the company.
The shares will be issued to the members whose names appeared in the Register of Members/List of beneficial owners as on November 22, 2022, being the record date fixed for that purpose.

As a result, the Company’s paid-up equity share capital will increase from Rs43.46 crore comprising 43,45,80,000 equity shares of Rs1 each to Rs173.83 crore comprising 1,73,83,20,000 equity shares of Rs1 each.

Furthermore, on or before December 8, 2022, the company will make the necessary arrangements to credit the bonus shares/dispatch the share certificate, as applicable.

At around 2.00 PM, EasyTrip Planners was trading 1.75% higher at Rs69.60 against previous close of Rs68.40 on NSE. The counter hit a new 52-week high of Rs71.40.

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