EaseMyTrip.com has acquired round 13% stake in BSE-listed Eco Hotels and Resorts Ltd. The funding, disclosed in a inventory trade submitting, goals to safe a minority curiosity and promote eco-friendly practices in hospitality.
EaseMyTrip co-founder and CEO Nishant Pitti acknowledged, “Our option to spend money on stakes aligns with our imaginative and prescient to contribute positively to the expansion of eco-friendly and inexperienced resorts.” He sees the funding as a milestone in diversifying their portfolio and enhancing journey experiences.
According to VK Tripathi, Executive Chairman of Eco Hotels and Resorts Ltd., the strategic affiliation with EaseMyTrip.com might be a recreation changer within the hospitality sector. Tripathi expressed, “Such a synergy is hardly seen within the hospitality sector.”
The market response was evident as Easy Trip Planners’ inventory noticed a 0.13% enhance on the NSE, buying and selling at ₹38.30 as of two:30 pm on Friday. Simultaneously, Eco Hotels and Resorts’ inventory on the BSE surged by 4.97%, reaching ₹17.32.
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