Board of Directors of EaseMyTrip approved the issuance of bonus shares as well as a stock split

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The board of directors of listed traveltech startup EaseMyTrip approved the issuance of bonus shares in a 3:1 ratio as well as a stock split (October 10).

According to an exchange filing, the startup’s board of directors approved the division of each existing equity share with a face value of INR 2 into two equity shares with a face value of INR 1. Furthermore, the board approved the issuance of bonus shares in the ratio of 3:1, i.e. three bonus shares for each fully paid-up equity share of the company. According to the filing, the bonus shares would be issued from the startup’s free reserves as of March 31, 2022. EaseMyTrip stated that free reserves of INR 130.37 Cr would be required to implement the bonus issue, and as of March 31, 2022, it had free reserves of INR 196.31 Cr.

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Board of Directors of EaseMyTrip approved the issuance of bonus shares as well as a stock split

The board of directors of listed traveltech startup EaseMyTrip approved the issuance of bonus shares in a 3:1 ratio as well as a stock split (October 10).

According to an exchange filing, the startup’s board of directors approved the division of each existing equity share with a face value of INR 2 into two equity shares with a face value of INR 1. Furthermore, the board approved the issuance of bonus shares in the ratio of 3:1, i.e. three bonus shares for each fully paid-up equity share of the company. According to the filing, the bonus shares would be issued from the startup’s free reserves as of March 31, 2022. EaseMyTrip stated that free reserves of INR 130.37 Cr would be required to implement the bonus issue, and as of March 31, 2022, it had free reserves of INR 196.31 Cr.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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