Easy Trip Planners Ltd, which runs the travel booking platform EaseMyTrip, on Wednesday approved a plan to raise up to ₹500 crore through a rights issue, the company announced in a stock exchange filing.
The decision was cleared by the board of directors during its meeting. The fundraising will be carried out through the issue of equity shares to existing shareholders on a rights basis.
According to the filing, the company will issue fully paid-up equity shares with a face value of ₹1 each. The total number of shares to be offered and the final issue price have not been announced yet.
The company said these details would be decided after the rights issue committee submits its recommendations to the board. Other terms linked to the offer are also expected to be finalised later.
The board also approved the appointment of intermediaries required for the fundraising process. These generally include merchant bankers, registrars, legal advisers, and other entities associated with managing the issue.
The filing did not mention a timeline for the launch of the rights issue or disclose the record date for shareholder eligibility.
Under a rights issue, companies offer additional shares to existing shareholders in proportion to their current holdings. Shareholders are usually given a fixed period to subscribe to the shares offered to them.
Companies often use this route to raise funds while allowing current investors to maintain their shareholding percentage in the business.
Easy Trip Planners operates in the online travel segment and provides services including flight bookings, hotel reservations, holiday packages, rail ticket bookings and bus ticketing.
The company has not disclosed the purpose for which the proposed ₹500 crore will be used. More information regarding pricing, entitlement ratio, and issue schedule is expected after the terms are approved by the board.
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As of May 14, 2026, 12:06 pm, Easy Trip Planners Ltd share price was trading at ₹8.18, up 3.68% from the previous closing price.
The approval is the initial stage of the company’s proposed fundraising exercise. Further announcements related to the size, pricing, and timeline of the rights issue are expected in the coming weeks.
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Published on: May 14, 2026, 1:25 PM IST
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