Easy Trip Planners Limited Approves Preferential Allotment and Termination of Share Purchase Agreement
Easy Trip Planners Limited announced that its Board of Directors, in a meeting held on May 26, 2026, considered and approved two major corporate actions: the preferential allotment of equity shares and the mutual termination of a Share Purchase Agreement.The Board approved the allotment of 34,77,98,677 fully paid up equity shares of the company at the face value of INR 1 each. The shares were allotted on a preferential basis to four named allottees.
The details of the allotment and total consideration are provided below:
| Sl. No. | Proposed Allottee Name | Category | Maximum Shares Allotted | Consideration (INR) |
|---|---|---|---|---|
| 1 | Mr. Divyank Singhal | Non-Promoter Individual | 19,04,24,360 | 175,00,00,000 (non-cash) |
| 2 | Levo Beauty Private Limited | Non-Promoter Company | 2,66,59,411 | 24,50,00,000 (non-cash) |
| 3 | SSL Nirvana Grand Golf Developers Private Limited | Non-Promoter Company | 10,93,87,377 | 100,52,80,000 (non-cash) |
| 4 | Javaphile Hospitality Private Limited | Non-Promoter Company | 2,13,27,529 | 19,60,00,000 (non-cash) |
| Total | 34,77,98,677 | 319,62,80,000 |
Separately, the Board also approved the mutual termination of the Share Purchase Agreement (SPA). This agreement was originally executed on November 4, 2025, between the company, AB Finance Private Limited, and its selling shareholders.
Regarding the termination, the parties have mutually decided to withdraw from the transaction. The relevant documentation confirms that the termination appears to have no impact on Easy Trip Planners Limited.
In summary, the board meeting approved the structure for the share issuance, total consideration of INR 319,62,80,000, and the subsequent withdrawal from the transaction with AB Finance Private Limited and its selling shareholders.
EASEMYTRIP Stock Price Movement
Today, shares of Easy Trip Planners Limited settled at ₹8.00, showing no change for the day. The stock saw significant activity in the market, closing the session on a total traded volume of 39.17 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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