Shares of EaseMyTrip saw a boost today following the company’s announcement of two significant investment proposals. The Board of Directors approved investments in Rollins International and Pflege Home Healthcare Center LLC, leading to a surge in share prices.
The company plans to invest 30% in Rollins International, amounting to ₹60 crore. This investment will be made through an equity share swap, where EaseMyTrip will issue its own shares on a preferential basis.
Similarly, EaseMyTrip has proposed a 49% investment in Pflege Home Healthcare Center LLC. This includes ₹20 crore to purchase shares from existing shareholders and ₹10 crore to subscribe to new shares, also facilitated by an equity share swap.
As of 12:55 pm, EaseMyTrip shares were trading 0.92% higher at ₹42.59 on the NSE, after reaching a day high of ₹42.88 from a low of ₹41.60. The stock experienced a nearly 1.5% rise during the trading session.
These investments are subject to customary approvals, including shareholder and regulatory clearances.
