Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue
Published On: Monday, November 21, 2022 | By: Team KnowMyStock
Shares of Easy Trip Planners, which operates EaseMyTrip.com, jumped 20 percent to Rs 57.15 on the BSE in Monday's intra-day trade after they turned ex-date for 3: a 1bonus issue, and 1:1 stock split. The stock of the tour and travel-related services company was trading close to its 52-week high level of Rs 59.56 (adjusted to stock split and bonus), touched on May 25, 2022. The board of directors of the company fixed 22nd November 2022 as the record date to finalize eligible beneficiaries for the issuance of bonus shares and stock subdivision. The board of Easy Trip Planners, on October 10, 2022, had approved a sub-division/split of each existing equity share of the face value of Rs 2 into 2 equity shares of the face value of Rs 1. The board also approved the issue of 3 bonus equity shares for every 1 share held in the company
This is the second occasion in 2022 when EaseMyTrip shares are trading ex-bonus. In February 2022, EaseMyTrip shares had traded ex-bonus for the issuance of 1:1 bonus shares.
"The company and its subsidiaries have grown significantly, in terms of business and performance, over the years. This is reflected in the share price of the Company. As and when the stock price rises further, it will be increasingly difficult for small potential shareholders to partake in the company's future. Keeping with the spirit of inclusion and in order to reward the shareholders the board of directors, the company as approved and recommended the said corporate actions," Easy Trip Planners said.
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