EaseMyTrip Diversifies Portfolio with Three Acquisitions

Easy Trip Planners, the parent company of EaseMyTrip, has entered into definitive agreements to acquire stakes in three companies, marking its expansion into the healthcare, hospitality, and education sectors. These acquisitions are part of the company’s inorganic growth strategy and involve a share swap arrangement. Below is an overview of the acquisitions:

Healthcare: 49.03% Stake in Pflege Home Health Care Center

EaseMyTrip has signed a Share Purchase Agreement and an Investment cum Shareholders’ Agreement to acquire a 49.03% stake in Dubai-based Pflege for ₹29.83 crore. Pflege operates in the medical tourism and home healthcare sectors, serving clients in India, Southeast Asia, and the Middle East.

• Consideration: ₹19.83 crore for shares from the selling shareholder and ₹10 crore for new subscriptions.
• Turnover (AED): FY 2023 – 41,29,257; FY 2022 – 53,16,814.

Hospitality: 50% Stake in Jeewani Hospitality

For its hospitality segment, EaseMyTrip signed a Share Subscription Agreement and a Shareholders’ Agreement to acquire a 50% stake in Jeewani for ₹100 crore. Jeewani, incorporated in 2024, is engaged in hotel development and operations.

• Consideration: Share swap worth ₹100 crore.
• Turnover: Not applicable as the company is newly incorporated.

Education: 49% Stake in Planet Education

To expand into the education sector, EaseMyTrip entered into a Share Purchase Agreement and a Shareholders’ Agreement to acquire a 49% stake in Planet for ₹39.2 crore. Planet offers services in international student recruitment, test preparation, and related education services.

• Consideration: ₹39.2 crore via share swap.
• Turnover (AUD): FY 2023-24 – 14,87,043 (provisional); FY 2022-23 – 21,98,699; FY 2021-22 – 7,33,038.

Transaction Details & Timeline

The acquisitions involve agreements such as share purchases, subscriptions, and shareholders’ agreements. The consideration will be settled through the issuance of new fully paid equity shares on a preferential basis. Subject to regulatory and shareholder approvals, the deals are expected to conclude within 3-4 months.

EaseMyTrip’s shares are trading at ₹17.04, up 1.67% today, but have declined 16.27% year-to-date and 11.99% over the past year.

With a combined investment of ₹169.03 crore, EaseMyTrip is diversifying its portfolio to include healthcare, hospitality, and education. These acquisitions represent the company’s plans to expand its product portfolio beyond its core travel business, potentially working on other growth opportunities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.