EaseMyTrip has received in-principal approval of the board by proposing its newest joint venture: a luxurious 5-star hotel in the prime location of Ayodhya, strategically situated near the iconic Shree Ram Mandir. This initiative represents a significant stride towards enriching the spiritual journey of pilgrims and tourists. The hotel's prime location, less than 1 kilometer from the revered temple, promises guests an unparalleled blend of spirituality and luxury. Ayodhya's status as a premier destination underscores the importance of enhancing the visitor experience at pilgrimage sites.
EaseMyTrip, as one of the joint venture partners, is committing to invest up to Rs 100 crore in Jeewani Hospitality, the entity super heading the project under incorporation. This investment will represent 50% of the total paid-up share capital of the JV Company on a fully diluted basis through equity swap, once finalized.
Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.
