Easy Trip Planners Rs. 169 crores after confirming strategic acquisitions focus

Shares of EaseMyTrip-operator Easy Trip Planners will be in focus on Monday as the company has invested in Dubai-based Pflege Home Health Care Center for Rs. 30 crores signed a share purchase agreement to acquire 49% stake.

The acquisition marks the company’s foray into the healthcare and medical tourism sector, an important step towards diversifying its business portfolio. Pflege specializes in medical tourism and home healthcare services, catering to patients across India, Southeast Asia and the Middle East.

In addition to the Pflege acquisition, Easy Trip Planners has invested in Uttar Pradesh-based Jeewani Hospitality Private Ltd for Rs. 100 crores has agreed to buy 50% stake. Life’s focus on hotel construction and operations is aligned with Easy Trip Planners’ strategy to strengthen its hospitality vertical and create synergies with its core travel business.

Expanding its reach further, Easy Trip Planners has invested Rs. 39.2 crore has acquired 49% stake. Planet Education specializes in international student recruitment, placement and test preparation services. The deal will allow the company to enter the international education and student services market, complement its existing travel offering and provide additional avenues for growth.

Shares of Easy Trip Planners rose 0.7% on December 6 to Rs. 16.76, taking the company’s market capitalization to Rs. 5,939.88 crores.

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