Easy Trip Planners to issue bonus shares in 1:1 ratio; Stock climbs 2%

14 Jan 2022 , 11:10 AM

Easy Trip Planners Limited Board of Directors has recommended the Bonus Issue of Equity Shares in the proportion of (One) Equity Share of Rs2/- each for every (One) Equity Share of Rs2/- each held by the shareholders of the Company as on the record date, subject to the approval of the shareholders through Postal Ballot i.e. in compliance with the applicable laws.

The total number of securities proposed to be issued aggregate to Rs21,72,90,000/- divided into 108,645,000 equity shares of Rs2/- each.

“Bonus shares will be issued out of free reserves created out of profits of the Company available as at March 31, 2021,” company said in a filing on Thursday.

The company stock was trading higher on Friday despite bearish markets. At around 11.10 am, Easy Trip Panners Limited was trading at Rs584.00 per piece up Rs11.40 or 1.99% on the BSE.