EaseMyTrip Shares Jump 3.40% After Securing Nod To Raise INR 234.03 Cr Via Preferential Issue

by · Inc42

SUMMARY

  • EaseMyTrip’s board approved raising INR 234.03 Cr through the preferential issue of 12.84 Cr equity shares at INR 18.22 per share to seven investors, including Jeewani Hospitality and Jacqueline Fernandez.
  • The company reported a 42.8% drop in Q2 FY25 net profit to INR 26.8 Cr, with a 2.1% revenue increase to INR 144.6 Cr. Hotel business revenue grew 140%, offsetting a 22.5% decline in flight booking revenue.
  • Shares rose 3.40% to INR 17.33 following the announcement, though they remain 70% below the 52-week high