On 7 August, The board of directors of travel agency company EaseMyTrip approved raising Rs 149 crore through a preferential issue of equity shares.

The company said in its exchange filing that during the meeting held on 7 August, it considered and approved raising Rs 149 crore, subject to approval from the relevant regulatory authorities and the company’s members. The company will issue 3,37,20,618 equity shares at Rs 44.32 per share, with a face value of Rs 1 each.

The EaseMyTrip is all set to acquire a 51% stake in Guideline Travels Holidays India Private Ltd, Dook Travels Private Ltd, and Tripshope Travel Technologies Private Ltd.

EaseMyTrip co-founder Nishant Pitti said, “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.”