In an exchange filing, the travel and tourism e-commerce platform said that its board will meet on October 10, Monday to consider the proposal to issue bonus shares and/or sub-division/split of shares.
If the aforementioned corporate action is considered and approved, the company will subsequently increase the authorised share capital accordingly, the filing added.
Following the update, shares of Easy Trip Planners surged over 8 per cent to Rs 414.2, before trading at Rs 412 around 10.25 am. The scrip settled at Rs 383.05 on Monday.
Incorporated in 2008, Easy Trip Planners operates EaseMyTrip – the second largest online travel agency in India in terms of gross revenue. The platform is available as a website and mobile app.
The travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services.
In its report released in August this year, maintained a buy rating on Easy Trip Planners with a target price of Rs 517 on the stock.
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