Easy Trip Planners said that its board has in-principally approved a proposal to open a five-star hotel in Ayodhya, which would be located less then one kilometer away from 'Shree Ram Mandir'.

The said proposal would be executed through an investment of an amount of up to Rs 100 crore in Jeewani Hospitality, a company under incorporation for 50% of the aggregate share capital of the said company on a fully diluted basis through swap i.e., fresh issuance of the companys own equity shares on preferential basis.

This in-principal decision of the Board is subject to final approval from board of the company and the relevant regulatory approvals.

Nishant Pitti, CEO & co-founder, EaseMyTrip, said,"We are delighted to announce our intend towards the newest joint venture, a lavish retreat that not only epitomizes luxury but also cultivates a tranquil ambiance amidst the dynamic religious ambiance of Ayodhya."