India, April 12 -- Months after announcing acquisitions of businesses in erstwhile uncharted territories, online travel aggregator (OTA) EaseMyTrip's (EMT) board has approved the allotment of 12.57 Cr equity shares to Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet education promoters Gagandeep Singh and Sanket Champaklal Shah on a preferential basis for a non-cash consideration for acquisition of stakes in the companies.

In an exchange filing, EaseMyTrip said that the allotted 12.57 Cr equity shares are worth INR 229.03 Cr, a premium of about 40% considering the closing price of the company's shares of INR 13.09 yesterday on the BSE. Following the allotment, the allottees will cumulatively hold 3....