Easy Trip Planners acquires brand name of Yolo Traveltech; Stock up 1%

7 Feb 2022 , 03:05 PM

Easy Trip Planners Limited has entered into a definitive agreement, subject to closing conditions, with Yolo Traveltech Private Limited to acquire the brand name, technology, running business expertise, data, and the team of Yolo Traveltech Private Limited in February 3, 2022. Yolo Traveltech operates under the name of YoloBus.

The purpose of the acquisition is the future growth and expansion of the company. The company had earlier said, it will leverage YoloBus’ full-stack technology-enabled platform to offer an enhanced bus travel experience at ‘delightful’ prices.

In the last half hour of trade on Monday, Easy Trip Planners Limited was trading at Rs605.00 per piece up Rs7.20 or 1.20% on the BSE. The stock hit a day’s high of Rs620.90 per piece on Monday.