Easy Trip Planners Limited announces 2:1 stock split, 3:1 bonus issue

The Board of directors of Easy Trip Planners Limited at its meeting held today i.e., 10th October, 2022, has considered and approved proposals subject to shareholder's approval.

The board approved Sub-division/Split of each existing equity share of face value of Rs. 2/- (Rupees Two only) into 2 equity shares of face value of Rs. 1/- (Rupee One Only) fully paid- up.

The board approved issue of 3 (three) bonus equity shares for every 1 (one) fully paid-up equity share.

The board also approved increase in Authorised Share Capital from INR 75,00,00,000 to INR 200,00,00,000 and alteration in Capital Clause of Memorandum of Association.

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 at its meeting held today, approved and recommended the said corporate actions.

Source : Equity Bulls

Keywords

EasyTripPlanners EaseMyTrip StockSplit 2For1 BonusIssue 3For1