EaseMyTrip board approves proposal to raise funds of upto Rs 1000 crore

New Delhi: Easy Trip Planners, the parent company of travel platform EaseMyTrip said in a stock exchange filing on Tuesday that its board has given an in principle approval for raising funds of upto Rs 1000 crore through a combination of preferential issue of equity shares along with warrants.

The company said the board meeting was held on Tuesday.

In December last year, platforms, the company said it has recently secured a non-controlling,13% stake in Eco Hotels and Resorts Limited, a BSE listed entity.


The company said the primary objective of this 'strategic' investment is to acquire a minority interest and promote environmentally friendly practices within the hospitality sector. It may be mentioned here that all the hotels operated by Eco Hotels will be carbon net zero hotels.

EaseMyTrip had also stated that besides the hotel operations business, ECO HOTELS may carry on air and non-air business mainly for its customers on the platform of EaseMyTrip.com and its subsidiaries company.