EaseMyTrip board clears ₹500 Cr rights issue as profit craters 90% YoY
EaseMyTrip will raise ₹500 Cr (~$52 Mn) via a rights issue to fund hotels, holidays, tech and M&A. The capital call lands amid a 90% YoY profit slide to ₹3.4 Cr in Q3 FY26, near-total promoter pledges of 98.89%, leadership churn and domestic MF exits. Shares closed at ₹8.23.
EaseMyTrip's board approved a ₹500 Cr rights issue to fund hotels, holidays, tech and acquisitions, amid a 90% YoY profit slide, promoter stake pledges, leadership churn and exits by domestic mutual funds.