New Delhi, Oct 14 (PTI) Travel technology platform Easy Trip Planners Ltd on Monday said its board of directors has approved the issue of bonus shares.

The board of directors, in its meeting held on Monday, approved the issuance of bonus shares at the rate of one bonus share for each fully paid-up share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory file. .

The free shares will be issued from the company’s available reserves as of March 31, 2024, it is specified.

“This move underlines EaseMyTrip’s commitment to rewarding shareholders, following two successful bonus issues in 2022,” the company said.

Nishant Pitti, CEO and Co-Founder, EaseMyTrip, said, “This bonus issue reflects our gratitude to shareholders and underlines our confidence in the strong financial health of the company. As we grow, it’s important to continue to share our success with those who have supported us along the way. »

The total number of shares to be issued is 177.2 crore of face value of Re 1 each. The issue will be financed using Rs 177.2 crore from the company’s available reserves of Rs 397.4 crore. After the bonus, the total share capital will stand at Rs 354,408 crore, the company said.