By Malvika Gurung
Investing.com — The online travel agency company Easy Trip (NS:) Planners has announced the outcome of its board meeting scheduled earlier in the day on Nov 23 by approving the allotment of over 130 crore equity shares in the bonus ratio of 3:1.
In an address to stock exchanges, the travel company stated that its Board of Directors approved the allotment of 1,30,37,40,000 equity shares of face value of Re 1 apiece as fully-paid up bonus equity shares in the ratio of three shares of Re 1 each for every one existing equity share of Re 1 each to eligible shareholders.
Shareholders eligible for the bonus share issue would be those holding the equity shares of the company as on the fixed record date of Nov 22, 2022.
The paid-up share capital of the company stands increased from Rs 43.458 crore, comprising 43.458 crore equity shares of Re 1 each to Rs 1,73,83,20,000 comprising 1,73,83,20,000 equity shares of Re 1 apiece.
The company added that it will make arrangements to credit the bonus shares or dispatch the share certificate on or before December 8, 2022.
The small-cap company’s scrip soared nearly 40% and hit new 52-week highs consecutively on Monday and Tuesday. It closed 2.05% lower at Rs 67 apiece on Wednesday.