Easy Trip Planners shares in focus after confirming Rs 169 crore strategic acquisitions
Easy Trip Planners will be in focus on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore.
The acquisition marks the company’s entry into the healthcare and medical tourism sector, a significant step toward 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 agreed to acquire a 50% stake in Uttar Pradesh-based Jeewani Hospitality Private Ltd for Rs 100 crore. Jeewani focuses on hotel construction and operations, a move that aligns with Easy Trip Planners’ strategy to strengthen its hospitality vertical and create synergies with its core travel business.
Further broadening its reach, Easy Trip Planners has acquired a 49% stake in Australia-based Planet Education for Rs 39.2 crore. Planet Education specializes in international student recruitment, placement, and test preparation services. The deal would allow the company to enter the international education and student services market, complementing its existing travel offerings and providing an additional avenue for growth.
Shares of Easy Trip Planners closed 0.7% higher at Rs 16.76 on the BSE on December 6, bringing the company’s market capitalization to Rs 5,939.88 crore.
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