Nishant Pitti sold 24,65,49,833 (24.65 crore) shares of the company for a total value of Rs 920.06 crore, with the shares sold in a price range of Rs 37.22 to Rs 38.28, according to data available on NSE bulk deals.
This represents about 14% of Easy Trip Planners, reducing Pitti’s stake to approximately 14% from the earlier 28.13% held as of the quarter ended June 2024.
According to the June quarter data available on the exchange website, a total of 64.3% of the equity in the company is held by the promoter and the promoter group. The remaining 35.70% rests in the public shareholders’ hands.
On Monday, the company announced its partnership with Bank of Baroda to launch a co-branded travel debit card for frequent travelers, making it the first such card introduced by a public sector bank.
“Bank of Baroda, one of India’s leading public sector banks, in collaboration with EaseMyTrip.com, one of India’s largest online travel tech platforms, today announced the launch of the Bank of Baroda EaseMyTrip Co-branded Travel Debit Card, designed to cater to frequent travellers and entertainment & lifestyle enthusiasts. This is the first co-branded travel debit card to be launched by a public sector bank,” the company said in an exchange filing.Shares of Easy Trip Planners have been on a downward trend, declining by 12.6% over the past year and 11% year-to-date. Additionally, the stock has fallen by 17.6% over the last six months and 13% over the past three months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
