EaseMyTrip board grants in-principle approval to open 5-star hotel in Ayodhya
Mumbai, Feb. 12 -- The said proposal would be executed through an investment of an amount of up to Rs 100 crore in Jeewani Hospitality, a company under incorporation for 50% of the aggregate share capital of the said company on a fully diluted basis through swap i.e., fresh issuance of the company's own equity shares on preferential basis.
This in-principal decision of the Board is subject to final approval from board of the company and the relevant regulatory approvals.
The operator of EaseMyTrip.coma, a travel tech platform, stated that religious tourism witnessed 1,439 million tourists in 2022 and the places of religious tourism earned Rs 1.34 lakh crore in the same year. The sector is expected to generate a revenue of 59 billion by ...
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