Easy Trip Planners Ltd to open 5 star hotel in Ayodhya

The Board of Directors ("Board") of Easy Trip Planners Limited ("Company") in its meeting held today, i.e., on February 11, 2024 has, considered and in-principally approved the proposal to open a 5 star hotel in Ayodhya which is less then 1Km from Shree Ram Mandir through investment of an amount of up to INR 100 crores in Jeewani Hospitality Private Limited, a company under incorporation for 50% of the aggregate share capital of the said company on a fully diluted basis through swap i.e., fresh issuance of the Company's own equity shares on preferential basis. This in-principal decision of the Board is subject to final approval from Board of the Company and the relevant regulatory and/ or shareholders' approval(s), as may be applicable.

Source : Equity Bulls

Keywords

EasyTripPlanners EaseMyTrip 5StarHotel Ayodhya