MoneyWorks4Me

Easy Trip Planners acquires 75% stake in Nutana Aviation

03 Dec 2022 Evaluate

Easy Trip Planners has inked Share Purchase Agreement with Nutana Aviation Capital IFSC on December 02, 2022. Earlier, the Board of Directors at their meeting held on December 01, 2022, had inter-alia, considered and approved the acquisition of Nutana Aviation Capital IFSC by acquiring 75% share capital. The cost of acquisition is Rs 1.50 crore. Nutana Aviation will add a new revenue vertical for the company and enable it to scale up its business for renting and booking of charter aircrafts.

Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.


Peers
Company Name CMP
Thomas Cook (India) 106.20
IRCTC 476.45
TBO Tek 1707.80
Le Travenues Techno 165.85
Yatra Online 104.50
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