EaseMyTrip to purchase 51% stake in three travel companies

Easy Trip Planners Ltd, a provider of online travel services and owner of the EaseMyTrip brand, said that it is purchasing a 51 percent stake in Guideline Travels Holidays India Private Ltd, Dook Travels Private Ltd, and Tripshope Travel Technologies Private Ltd.

According to the company's regulatory filing, EaseMyTrip would pay for the proposed purchase by issuing equity shares to the selling shareholders of the respective target companies on a preferential basis.

Nishant Pitti, co-founder of EaseMyTrip stated, "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."

Guideline Travels is a highly reputed travel company that excels in both B2C and B2B circuits. TripShope Online is a travel and leisure solution provider based in Kashmir, offering a wide range of travel products, including flights, holidays, hotels, and more. Dook Travels is a renowned integrated travel management company based in Delhi, operating across CIS countries, Turkey, the UAE, and India.

Source: Media Reports