EaseMyTrip board clears bonus shares and stock split — here's what it means for investors

It also cleared a proposal to split its stock in the ratio of 1:2 — which translates to three shares for every one held on the record date. The company will complete the split on or before December 8, according to a regulatory filing.

Easy Trip said its subsidiaries have grown significantly over the years in terms of business and performance. "This is reflected in the share price... As and when the stock price rises further, it will be increasingly difficult for small potential shareholders to partake in the company's future," it said.

"Keeping with the spirit of inclusion and in order to reward the shareholders, the board of directors at its meeting held today approved and recommended the said corporate actions," Easy Trip Planners added.

Easy Trip Planners shares have risen nearly two percent in the past one month, a period in which the Nifty50 benchmark has declined 4.1 percent.

However, in the past one year, they have lost about 30 percent of their value while the Nifty50 benchmark has declined 5.7 percent.

The company listed its shares in the secondary market in March 2021, at a premium of 13 percent over the upped end of its IPO price range. Its IPO saw an overall subscription of 159 times the shares on offer — one of the most chased public offers of the bumper year.