Easy Trip Planners Announces Stock Split and Bonus Issue; stock jump

Easy Trip shares rise over 4% to ₹419 on BSE in opening deals

Easy Trip Planners Ltd. on Monday informed that its Board has approved a bonus issue of three shares for each share held

Stock split in 3:1 ratio and 1:2 ratio is also approved

Sub-division/division of each existing equity share of face value ₹ 2/- into 2 fully paid equity shares of face value of ₹ 1/- and three bonus equity shares for each fully paid up equity share issuance," the company announced today in an Exchange filing

Bonus shares to be issued out of free reserves created out of company's profits available till March 31, 2022

and the estimated date by which such bonus shares will be credited / remitted shall be within 2 months from the date of the Board. Approval i.e. by 8th December 2022

The Board has increased the authorized share capital from ₹ 75,00,00,000 to ₹ 200,00,00,000 and amended the capital clause of the Memorandum of Association