India Headline

Just another WordPress site

Business

Easy Trip Planners’ board to meet on Jan 24 to consider acquisition proposals

dsprime
0 0
Read Time:2 Minute, 8 Second

New Delhi (India), January 20: Easy Trip Planners’ board of directors are scheduled to meet on Tuesday, 24th of January, 2023 to consider acquisition proposals. Easy Trip Planners operates the tours and travel service providing platform EaseMyTrip.

Easy Trip Planners, through an exchange filing, informed that its board meeting will meet on January 24, 2023 at 10.00 A.M. to consider the proposals for acquisition. The meeting will be conducted through video conferencing mode, said the regulatory filing.

However, the company has not disclosed about its acquisition plans in the filing but the online travel aggregator EaseMyTrip has been focusing on inorganic acquisitions. It recently acquired Spree Hospitality and YoloBus and will be looking to add two-three more names in the list in FY23.

Easy Trip Planners is looking to acquire companies which have an asset light model and are debt free, along with a positive bottomline. The company management had also clarified that it is aiming for the names which are in the travel space but must be in the non-air segment.

Founded in 2008 by Nishant Pitti, Rikant Pittie, and Prashant Pitti, EaseMyTrip’s online platform enables customers to book air, rail, and bus tickets, hotels, holiday packages, and more. Easy Trip Planners is a bootstrapped venture, which has turned profitable now.

Ease My Trip EPS has shown robust growth since the travel industry recovery post pandemic. The company maintained stable EBIT margins over the last year and business performance has also improved, said Ravi Singhal, CEO, GCL Securities.

“Ease My Trip is now also focusing towards international networking which may further strengthen the business prospects. On technical setup, the stock is showing strength on momentum indicators on the daily chart,” he said.

In November 2022, the company stock went through the corporate action as the company issued bonus shares in 3:1 ratio after the sub-division of each equity share with face value of Rs 2 into two equity shares with a face value of Re 1 each.

Singh added that the oscillators are also suggesting an inherent strength in the counter. Investors may Buy Ease My Trip stock at current levels for the target of Rs 75 putting stop loss of Rs 48-levels.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

The post Easy Trip Planners’ board to meet on Jan 24 to consider acquisition proposals appeared first on City Lights.

About Post Author

dsprime

nd.primecomm@gmail.com
https://indiaheadline.in
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Lipsa Swain from Odisha becomes Mrs. India Queen of Hearts Pageant Winner 2022
Next post Skyexch.net has been chosen an official partner for the inaugural season of ILT20

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
(Add your review)

57 thoughts on “Easy Trip Planners’ board to meet on Jan 24 to consider acquisition proposals”

  13. Ηеllо!
    Ι apоlogize fоr thе ovеrly spеcific mеѕѕagе.
    Mу girlfriend and Ι lоvе еаch оthеr. Аnd wе аre аll grеat.
    Βut… wе neеd а man.
    Wе аrе 24 yeаrs old, frоm Romаnіа, wе alѕo know еngliѕh.
    Ԝe nеver gеt bоrеd! Αnd nоt onlу in talk…
    Му nаmе іs Cаtherіnа, my prоfіlе іѕ herе: http://geobermunsnonan.tk/item-60813/

    Reply

  50. Keep your cholesterol and different blood fat within the goal level diabetes 2 low blood sugar Normal Blood Sugar In 2018 19, over 14 million Pharmaceutical Benefits Scheme and Repatriation Pharmaceutical Benefits Scheme prescriptions for medicines used to treat diabetes had been allotted to the Australian neighborhood Metformin was the eighth most dispensed medicine in 2018 19 Everyone with diabetes aged 12 or over must be invited to have blood sugar levels 59 their eyes screened annually cheap cialis no prescription

    Reply

Leave a Reply

Your email address will not be published.

Close

Related Post