EaseMyTrip’s shares rise 5.6%

New Delhi: Travel agency EaseMyTrip has announced plans of building a luxury five-star hotel in Ayodhya near the Sri Ram Mandir which led to a surge in the company’s share price on Monday.

The company’s board of directors has approved the Rs100 crore proposal to invest in Jeewani Hospitality Private Limited for implementing the hotel project that is expected to be located about 1 km from the Sri Ram Mandir. The company shares rose 5.6 per cent to Rs53.7 a piece in morning trade on the BSE.