EaseMyTrip, a leading travel tech company, has announced its third bonus share issue. The board approved a plan to issue one bonus equity share for every one fully paid-up equity share.
This initiative will require INR 177.20 crore and will be funded from the company’s reserves. As of March 31, 2024, EaseMyTrip had a healthy balance of INR 397.4 crore in its free reserve and share premium account. Shareholders can expect the bonus shares credited to their demat accounts by December 12, 2024.