India, Sept. 22 -- Two years after acquiring a non-controlling stake of 13% in Eco Hotels and Resorts, online travel aggregator (OTA) EaseMyTrip (EMT) is topping up its investment by acquiring an additional 7.77% stake in the company.

In an exchange filing, EMT said that it has submitted an application to subscribe to 10 Lakh equity shares under Eco Hotels and Resorts' rights issue for INR 15.2 apiece, aggregating to INR 1.5 Cr (about $170.1K).

With this additional acquisition, EMT's stake in the hotel and resorts company will increase to 20.77%.

The OTA major, while acquiring a 13% stake in Eco Hotels and Resorts in 2023, said that the objective for making the investment was to promote environmentally-friendly practices within the hos...