Easy Trip Planners Limited (ETPL), the parent company of EaseMyTrip, has taken a significant step in expanding its business portfolio through strategic investments in three companies—Pflege Home Health Care Center, Jeewani Hospitality, and Planet Education Australia. The company has signed definitive agreements with each of the target entities, marking a major move towards diversifying its operations.
The first acquisition involves Pflege Home Health Care Center, a company engaged in medical tourism and home healthcare across India and several Southeast Asian countries. ETPL is set to acquire a 49.03% stake in Pflege for INR 29.83 crores, split between a purchase and subscription of shares. The acquisition aims to further diversify ETPL’s operations into the health tourism sector, enhancing its existing business model with an international presence.
The second acquisition, Jeewani Hospitality, is involved in the construction, development, and operation of hotels. ETPL has agreed to acquire a 50% stake in Jeewani, with a purchase consideration of INR 100 crores. This investment reflects the company’s commitment to expanding its footprint in the hospitality industry, particularly in the growing domestic hotel market.
The third acquisition concerns Planet Education Australia, which specializes in international student recruitment, coaching for entrance exams, and various services related to overseas education. ETPL plans to acquire 49% of the shares of Planet Education for INR 39.2 crores. This acquisition further strengthens the company’s portfolio in the education and student services sector, a booming market as demand for international education continues to rise.
These acquisitions, collectively valued at INR 169.03 crores, will be executed via equity share swap, with the issuance of fully paid-up equity shares of ETPL to the respective sellers. The acquisitions are expected to be completed within the next 3 to 4 months, pending customary approvals.
