Published On:February 12 2024
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Easy Trip Planners Ltd Announces Opening of 5-Star Hotel in Ayodhya

In a recent meeting held on February 11, 2024, the Board of Directors of Easy Trip Planners Limited discussed and provisionally approved a proposal to establish a 5-star hotel in Ayodhya, located less than 1 kilometer from the revered Shree Ram Mandir. The initiative involves an investment of up to INR 100 crores in Jeewani Hospitality Private Limited, a company currently in the process of incorporation. Easy Trip Planners Limited intends to acquire 50% of the aggregate share capital of Jeewani Hospitality Private Limited through a swap arrangement, involving the issuance of the company's own equity shares on a preferential basis.

This preliminary decision by the Board is contingent upon final approval from the Board of Easy Trip Planners Limited and the necessary regulatory and/or shareholders' approvals.

EQUITYBULLS





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