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Easy Trip Planners gets nod to invest in equity share capital of Rollins
Sep-17-2024

Easy Trip Planners has received approval from board of directors for execution of definitive agreement(s) in connection with the proposed investment of 30% in the aggregate post money paid-up equity share capital of Rollins International (Rollins) for a value of Rs 60 crore by subscribing to the new equity shares of Rollins for which the subscription amount will be paid by the Company to Rollins by way of equity share swap, i.e., issuance of its own fully paid-up equity shares on preferential basis.

Further, the company has also received approval from board of directors for execution of definitive agreement(s) in connection with the proposed investment of 49% in the aggregate post money paid-up share capital of Pflege Home Healthcare Center LLC (Pflege) for an aggregate value of Rs 30 crore partly by purchasing certain shares from the selling shareholder(s) of Pflege for an aggregate purchase consideration of Rs 20 crore and by subscribing to the new shares of Pflege for an aggregate subscription amount of Rs 10 crore for which the purchase consideration will be paid by the Company to the selling shareholder(s) and subscription amount will be paid by the Company to Pflege, both by way of equity share swap, i.e., issuance of its own fully paid-up equity shares on preferential basis.

The Board of Directors at their meeting held on September 17, 2024, has considered and approved the same. 

Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.

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