Easy Trip Planners Board Approved to Acquire Stake in Two Firms

Having operated in the educational services industry for over 25 years, Planet Education has developed into a leading provider since its founding in 1999. Over 45,000 students have benefited from the company’s extensive study abroad services, which include professional counselling, university placements, and visa assistance. Planet Education operates through a network of 25 offices worldwide, with its head office located in Sydney, Australia.

Easy Trip Planners bought two businesses

On November 15, 2024, the Easy Trip Planners Board discussed and approved the planned acquisition of Planet Education Australia’s 49% interest for Rs 39.20 crore. The Board also authorized acquiring a 50% share in Jeewani Hospitality for Rs 100 crore.

This acquisition is consistent with EaseMyTrip’s objective of expanding its service offerings and creating a more comprehensive travel ecosystem for its consumers while also focusing on study tourism. It will allow EasyMyTrip to expand into another tourism area while leveraging Planet Education’s significant experience in international education services and strong presence. In exchange, Planet Education will gain access to EaseMyTrip’s extensive client base, B2B agent network, and technological capabilities.

About Planet Education

Planet Education, with over 25 years of expertise in the education sector and 25 offices worldwide, representing over 350 universities across the world, and its formal headquarters in Australia and head office in Sydney, provides you with a one-stop shop for all of your study abroad requirements.

About Jeewani Hospitality

Provider of hospitality services based in Faizabad, India. The company offers various types of hotel hospitality services, including lodging, food and beverage services, event planning, theme parks, travel agencies, tourism, hotels, restaurants, nightclubs, and bars.

Easy Trip Planners Ltd. stock is down by more than 2%

Easy Trip Planners Ltd.’s stock is currently trading at Rs. 29.34 per share, down more than 2%, and is on track to reach its 52-week low of Rs. 28.41.

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.