{"id":73058,"date":"2022-11-14T12:00:00","date_gmt":"2022-11-14T06:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73058"},"modified":"2022-11-14T11:58:04","modified_gmt":"2022-11-14T06:28:04","slug":"travel-stock-fixes-record-date-for-stock-split-and-bonus-issue-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/travel-stock-fixes-record-date-for-stock-split-and-bonus-issue-check-the-details\/","title":{"rendered":"Travel Stock fixes record date for stock split and bonus issue; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-184278691\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Leading travel services provider Easy Trip Planners has announced Tuesday, November 22, 2022, as the record date for a stock split and the issue of bonus shares. Its shares were trading at \u20b9 407.70 apiece at 11:35 AM on Monday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1331279372\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-rationale-behind-the-split-and-bonus\"><strong>Rationale behind the split and bonus&nbsp;<\/strong><\/h4><p>Easy Trip Planners mentioned in an exchange filing that over the years, the company and its subsidiaries have grown significantly, in terms of business and performance and this is reflected in the company&#8217;s share price.\u00a0<\/p><p>An increase in the company&#8217;s share price would make it increasingly difficult for small potential shareholders to partake in the company&#8217;s future. Keeping with the spirit of inclusion and in order to reward the shareholders, its board of directors on October 11 announced these corporate actions. However, the record date was not announced at that time.\u00a0<\/p><h4 class=\"wp-block-heading\"><strong>Bonus Issue&nbsp;<\/strong><\/h4><p>The board of directors of Ease My Trip have approved the issue of 3 bonus equity shares for every 1 fully paid-up equity share, or a 3:1 bonus issue. These shares will be issued out of the free reserves of the company, available as at March 31, 2022. The company requires 130.47 crores for the issue, but it has \u20b9 196.31 crores in its free reserves as of March 31.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2058047992\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has proposed to issue 1,30,37,40,000 at a face value of \u20b91 (post-considering the split of shares into 1:1 subject to shareholders&#8217; approval) or 65,18,70,000 at a face value of 2 (Pre-Split). The company informed the exchanges that these bonus shares would be credited\/ dispatched within 2 months from the date of approval by the Board, i.e., by December 08, 2022.\u00a0<\/p><h4 class=\"wp-block-heading\"><strong>Stock Split&nbsp;<\/strong><\/h4><p>In addition to a bonus issue, the company has announced the subdivision of the existing equity shares of a face value of \u20b9 2 each into two shares of a face value of \u20b9 1 each. This split will be completed on or before December 08, 2022, subject to necessary approvals.\u00a0<\/p><p>Ease My Trip started its operations in 2008 as a B2B2C (business to business to customer) distribution channel. The company provides end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, bus tickets, and taxis. In addition, it provides value-added services such as travel insurance, visa processing and tickets for activities and attractions.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><h4 class=\"wp-block-heading\"><strong>Written by Simran Bafna\u00a0<\/strong><\/h4><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2507644682\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Leading travel services provider Easy Trip Planners has announced Tuesday, November 22, 2022, as the record date for a stock split and the issue of bonus shares. Its shares were trading at \u20b9 407.70 apiece at 11:35 AM on Monday.\u00a0 Rationale behind the split and bonus&nbsp; Easy Trip Planners mentioned in an exchange filing that [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5135,5136,5141,5140,5137,948,936,3153,4178,5110,4183,3157,3158],"class_list":["post-73058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-easy-trip-planners","tag-easy-trip-planners-bonus","tag-easy-trip-planners-share","tag-easy-trip-planners-share-price","tag-easy-trip-planners-stock-split","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-buy-in-november","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Travel Stock fixes record date for stock split and bonus issue; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/travel-stock-fixes-record-date-for-stock-split-and-bonus-issue-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travel Stock fixes record date for stock split and bonus issue; Check the details\" \/>\n<meta property=\"og:description\" content=\"Leading travel services provider Easy Trip Planners has announced Tuesday, November 22, 2022, as the record date for a stock split and the issue of bonus shares. 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