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EaseMyTrip board clears up to ₹500 crore rights issue amid steep profit slump
Business
Published on 14 May 2026
It approved the raise but left key details undisclosed
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.
- EaseMyTrip plans to raise up to ₹500 crore via rights issue
- Board approval came with limited disclosures on eligible shareholders and use of funds
- Q3 FY26 profit fell 90% YoY, with revenue growth unable to offset pressure
- Promoter pledges and leadership exits coincide with institutional selling
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42