Easy Trip Planners Limited has announced that its Board of Directors has approved a Rights Issue of equity shares to raise capital. The company plans to issue fully paid-up equity shares with a face value of ₹1 per share. The total capital raised through this offering will not exceed ₹5,000 million. This strategic financial move aims to support the company’s growth initiatives, with further details regarding the record date to be announced shortly.
Expanding Capital Base
During the meeting held on May 13, 2026, the Board of Directors of Easy Trip Planners Limited finalized plans for a Rights Issue. This issuance is designed to bolster the company’s financial resources, with an approved ceiling of ₹5,000 million. Eligible shareholders will be invited to participate in this offering, providing them with an opportunity to increase their stake in the company.
Details of the Offering
The proposed Rights Issue involves the distribution of fully paid-up equity shares, each carrying a face value of ₹1. The Board has already approved the Draft Letter of Offer, which is set to be filed for regulatory review. Necessary intermediaries have also been appointed to oversee the smooth execution of the issuance process.
Next Steps for Shareholders
While the board has sanctioned the proposal, the final terms—including the exact number of shares to be issued and the final issue price—will be determined by the Rights Issue Committee and the Board at a later date. Furthermore, the company will notify shareholders of the Record Date in a subsequent announcement, which will define eligibility for participation in the rights offering.
Source: BSE
