Shares of EaseMyTrip surged 2% in the morning trade after the company announced three strategic acquisitions, signalling its expansion into diverse sectors:
- Healthcare & Medical Tourism: Acquired a 49% stake in Dubai-based Pflege Home Health Care Center L.L.C for ₹30 crore. This move marks EaseMyTrip’s entry into the booming medical tourism and home healthcare markets, catering to India, Southeast Asia, and the Middle East.
- Hospitality Expansion: Invested ₹100 crore for a 50% stake in Uttar Pradesh-based Jeewani Hospitality, focusing on hotel construction and operations. This acquisition strengthens EaseMyTrip’s hospitality vertical, creating synergies with its travel services.
- Education Sector Venture: Acquired a 49% stake in Australia’s Planet Education for ₹39.2 crore. This investment opens doors to the global education and student services market, complementing its core travel business.
EaseMyTrip shares opened today at ₹17.25, with a high of ₹17.33 and a low of ₹17.00. The stock has seen a 52-week high of ₹27.00 and a low of ₹14.20.
As of 9:38 am, EaseMyTrip shares were trading 1.91% higher at Rs 17.08 on the NSE.
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