Acquisitions25 Jun 2025, 07:21 pm
Easy Trip Planners Terminates INR 60 Crores Investment in Rollins International
AI Summary
Easy Trip Planners Ltd. has decided to completely withdraw from a previously announced investment of INR 60,00,00,000 into Rollins International Private Limited. The decision was made after evaluating the company's strategic direction and future aspirations. The investment was intended to acquire 30% of Rollins' post-closing paid-up share capital through a share swap. Easy Trip Planners had already issued and allotted 3,29,30,845 equity shares to Rollins, but the transaction was terminated by Rollins via a letter dated June 25, 2025. The company is currently evaluating its options to deal with the termination and will maintain transparency on any further developments.
Key Highlights
- Easy Trip Planners decides to withdraw from a INR 60 crores investment in Rollins International
- The decision was made after evaluating the company's strategic direction and future aspirations
- The investment was intended to acquire 30% of Rollins' post-closing paid-up share capital through a share swap
- Rollins terminated the transaction via a letter dated June 25, 2025
- Easy Trip Planners had already issued and allotted 3,29,30,845 equity shares to Rollins