EaseMyTrip board approves ₹500 crore rights issue to strengthen operations. The listed travel tech company received board approval for the fundraising initiative, which aims to bolster its technology platform and explore strategic acquisitions in non-core segments like hotels and holidays. However, the company has faced significant headwinds recently. Net profit plummeted 90 percent year-over-year in Q3 FY26 to ₹3.4 crore, while operating revenue grew modestly at 0.7 percent. The stock has suffered as institutional investors reduced exposure substantially, with domestic mutual funds cutting their holdings dramatically from 84.61 lakh shares in Q4 FY25 to just 1,152 shares by March 2026. Leadership transitions and promoter stake pledges have added to investor concerns about the company's direction and financial stability moving forward.
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