EaseMyTrip Shares Soar 11% on ₹500 Crore Funding Plan

• EaseMyTrip shares surged 11% after announcing a proposal to raise up to ₹500 crore.
• The funding aims to strengthen key growth areas like hotels, holiday packages, and technology investments.
• The capital raise may occur through various routes, including rights issue, QIP, or private placement.
• Founder Nishant Pitti stated the move provides flexibility to invest in core and emerging segments.
• The announcement boosted investor sentiment despite a recent 26.3% YoY drop in Q3 net profit.