EaseMyTrip’s board has approved a rights issue to raise up to ₹500 crore, but the company did not reveal which shareholders are eligible or the exact purpose of the funds. The move follows a weak financial run, including a 90% year-on-year profit drop in Q3 FY26, promoter stake pledges, and leadership changes that have pushed investors to sell.
Gujarat Cotex will raise about Rs 43 crore through a rights issue to back expansion plans, including a new premium hotel. The offer is structured as six shares for every one held, opening April 10 and closing May 8. The funding is also expected to strengthen the company as it moves into real estate, hospitality, and agri-commodity trading.
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