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.
What happened
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,
Key facts
- ₹500 Cr
- $52 Mn
- Q3 FY26 net profit ₹3.4 Cr (-90% YoY)
- revenue ₹151.7 Cr (+0.7% YoY, +28% QoQ)
- promoter pledge 98.89%
- share price ₹8.23 (+4.18%)
Why this matters
EaseMyTrip's ₹500 Cr war chest earmarked for M&A, set against a distressed cap table and leadership churn, makes them a motivated but constrained buyer — expect stock-heavy, opportunistic deals in hotels and holidays.