EaseMyTrip board approves raising Rs 149 cr on preferential basis

Travel agency company EaseMyTrip on Monday said that its board has approved raising up to Rs 149 crore through a preferential issue of equity shares. The company's board has also approved the issuance of 3.37 crore preferential shares at Rs 44.32 per share, according to an exchange filing.

As of 2.50 pm, this is at a discount of 9.5 percent to the current market price of Rs 40.10.

"This is to inform that the Board at its meeting held today, i.e., August 7, 2023, has interalia, considered and approved, subject to the approval of the relevant regulatory/ statutory authorities and the members of the company, the issuance of 3,37,20,618 (Three Crores Thirty Seven Lacs Twenty Thousand Six Hundred Eighteen) equity shares of face value of Rs 1 each of the company to the proposed allottees on a preferential basis," the company said.