Easy Trip Planners surges on getting nod to incorporate wholly owned subsidiary
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Easy Trip Planners is currently trading at Rs. 48.78, up by 0.99 points or 2.07% from its previous closing of Rs. 47.79 on the BSE.
The scrip opened at Rs. 48.10 and has touched a high and low of Rs. 49.20 and Rs. 47.82 respectively. So far 182746 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 73.50 on 24-Nov-2022 and a 52 week low of Rs. 39.25 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 49.20 and Rs. 47.26 respectively. The current market cap of the company is Rs. 8413.47 crore.
The promoters holding in the company stood at 74.90%, while Institutions and Non-Institutions held 5.04% and 20.06% respectively.
Easy Trip Planners has received approval to incorporate wholly owned subsidiary of the Company to carry on the business of general insurance. In line with the business expansion plans of the Company, the Board of the Company has in-principally approved engaging into all kinds of general insurance business through a wholly owned subsidiary of the Company which is yet to be incorporated. The Board of Directors of the company in its meeting held on May 08, 2023 has, inter alia considered and in-principally approved the same.
Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.
