Easy Trip Planners Limited Announces Strategic Equity Acquisitions
Easy Trip Planners Limited is expanding its business portfolio with equity acquisitions in three companies: Pflege Home Health Care Center L.L.C, Jeewani Hospitality Private Limited, and Planet Education Australia Pty Ltd. These acquisitions will be executed via share swaps, where Easy Trip Planners will issue its own equity shares to the sellers in exchange for their shares.
Pflege Home Health Care Center L.L.C
- Stake Acquired: 49.03%
- Company Overview: Pflege, based in Dubai, specializes in medical tourism and home healthcare services.
- Transaction Details:
- Total Investment: INR 29.83 crore
- INR 19.83 crore to the selling shareholder, Mr. Bhisham Sheoran
- INR 10 crore as a direct investment in Pflege
- Timeline: Expected completion in 3-4 months, subject to shareholder approval and customary closing conditions.
Jeewani Hospitality Private Limited
- Stake Acquired: 50%
- Company Overview: An Indian private limited company involved in the construction, development, and operation of hotels.
- Transaction Details:
- Total Investment: INR 100 crore
- Timeline: Expected completion in 3-4 months, subject to shareholder approval and customary closing conditions.
Planet Education Australia Pty Ltd
- Stake Acquired: 49%
- Company Overview: An Australian company offering services to international students, including recruitment, coaching, placement, accommodation, insurance, and travel assistance.
- Transaction Details:
- Total Investment: INR 39.20 crore
- Distribution: INR 19.6 crore each to selling shareholders Mr. Gagandeep Singh and Mr. Sanket Champaklal Shah
- Timeline: Expected completion in 3-4 months, subject to shareholder approval and customary closing conditions.
Strategic Rationale
These acquisitions align with Easy Trip Planners’ diversification strategy to expand its operations across complementary sectors like healthcare, hospitality, and education services.
Regulatory Approvals
No governmental or regulatory approvals are required for these acquisitions. However, they are subject to Easy Trip Planners’ shareholder approval.
