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Easy Trip Planners Limited — M&A Activity 2021
Nov 18, 2021
59372_rns_2021-11-18_a77d6e08-66be-49e2-bfa0-77e7fd8ccdbb.pdf
M&A Activity
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Date: November 18, 2021
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To,
To,
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001, India
National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Sandra Kurla Complex, Bandra (E) Mumbai - 400051, India
Dear Sir/Ma’am,
Sub: Outcome of the Board Meeting Ref: Symbol: EASEMYTRIP, Scrip Code: 543272 ISIN: INE07O00101
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held today i.e., 18[th] November, 2021, has inter-alia, considered and approved the acquisition of Spree Hotels & Real Estate Private Limited (‘Target Company') by acquiring 100% share capital of the Target Company.
Brief Profile of the Company is enclosed herewith as Annexure.
The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 will be intimated in due course of time.
The aforesaid information will also be hosted on the website of the Company at www.easemytrip.com.
Thanking you
Yours faithfully,
For EASY TRIP PLANNERS LIMITED
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Priyanka Tiwari Company Secretary and Compliance Officer Membership No: A50412
Easy Trip Planners Limited
Registered Office :Building No 223, Patparganj Industrial Area, Patparganj, New Delhi, Delhi 110092 Phone : +91 - 11 - 43030303, 43131313 E-mail : [email protected] : www.EaseMyTrip.com| CIN No. L63090DL2008PLC17904 ‘
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IRCTC
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Spree (www.spreehotels.com) was founded in 2011 by Keshav Baljee, who has more than 15 years of hospitality experience and is also copromoter of Royal Orchid Hotels (a public listed company). Spree has cracked the art of managing mid-market hotels across India with a high degree of standardization, leading to high guest satisfaction scores and several awards from Trip Advisor.
Spree also has a diversified portfolio across hospitality verticals such as hotels, corporate guest homes and residential clubs. The company is debt-free, cash-rich, and follows an asset-light model, which has enabled it to record profitability even during such a pandemic-struck year.
Spree Hospitality has an established footprint of 1220 operational keys across hotels in Bengaluru, Mumbai, Pune, Chennai, Goa, Hyderabad, Kochi, Manali, Amritsar, Dehradun, Coimbatore and Delhi, amongst others.