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Introduction
Shares of Easy Trip Planners Ltd ended at Rs 40.58, down by Rs 0.45, or 1.10 percent on the BSE.
Acquisition Announcement
- Easy Trip Planners Ltd, the online travel service provider, is acquiring a 51 percent stake in Guideline Travels Holidays India Private Ltd, Dook Travels Private Ltd, and TripShope Travel Technologies Private Ltd.
- The acquisition will be paid by EaseMyTrip by issuing its equity shares to the selling shareholders on a preferential basis.
About Guideline Travels
Guideline Travels is a highly reputed travel company excelling in both B2C and B2B circuits. It offers a broad range of international group tours, bespoke FIT ventures, fixed departures, and MICE movements. The company’s major business line is cruises.
About TripShope Online
TripShope Online is a travel and leisure solution provider based in Kashmir. It offers a wide range of travel products, including flights, holidays, hotels, and more. The company prides itself on providing exceptional travel experiences at the best available prices, resulting in a loyal customer base.
About Dook Travels
Dook Travels is a renowned integrated travel management company based in Delhi. It operates across CIS countries, Turkey, the UAE, and India. Over the past 8 years, Dook Travels has served over 1 lakh tourists, establishing itself as the biggest DMC for CIS countries.
Statement from Nishant Pitti
Nishant Pitti, co-founder of EaseMyTrip, expressed his excitement about the acquisition, stating, “These three companies have a strong track record and a wealth of experience in their respective areas. Together, with these remarkable travel companies, we extend and embrace a diverse spectrum of exceptional services catering to larger markets.”
Conclusion
The acquisition of a 51 percent stake in Guideline Travels, Dook Travels, and TripShope Travel Technologies by Easy Trip Planners Ltd marks an important step for the company in expanding its business and offering a wider range of services to its customers.
Shares of Easy Trip Planners Ltd ended at Rs 40.58, down by Rs 0.45, or 1.10 percent on the BSE.
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