Easy Trip Planners Board Meet at 11 Am Today: Bonus Share Allotment in Focus

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Easy Trip Planners Board Meet at 11 Am Today: Bonus Share Allotment in Focus
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The online travel agency company Easy Trip (NS: EASM ) Planners will remain under focus on Nov 23 as its board of directors will meet on the day to consider the allotment of bonus shares to shareholders.

According to the company’s exchange filing, its board of directors will meet on Wednesday, November 23, 2022, at 11 am through video conferencing for consideration and approval of the allotment of bonus equity shares.

Splitting a stock typically increases the stock’s liquidity in the capital market and makes it more affordable for small investors. Doing so increases the number of shares in the market while keeping the stock’s market capitalization unchanged.

The small-cap company’s scrip has soared nearly 40% in the past two sessions, hitting new 52-week highs consecutively on Monday and Tuesday.

The company announced two corporate benefits for shareholders earlier this month with record dates set as Nov 22, 2022. The rewards were a stock split in the ratio of 1:2 and a bonus issue of shares in the ratio of 3:1.

Read Also: Small-Cap Stock Soars 20% Ahead of Record Date for 2 Corporate Rewards

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