Easy Trip Planners Ltd News

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

Co-Founder of online travel-tech aggregator EaseMyTrip Nishant Pitti on Friday said he sold a "small portion" of the promoter shares held by him for "personal reasons", days after the company announced his resignation as CEO. In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1, reassured that the travel-tech platform is on a "strong growth path" and his move to sell a portion of the promoter shares does not reflect any lack of confidence in its future. "I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip's bright future. With a talented team and Rikant's visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side. "Thank you for your unwavering suppor

EaseMyTrip shares fall 10% in 3 days; Co appoints Rikant Pittie as new CEO

The decline in Easy Trip Planners, the owner of Ease My Trip, comes even as the company said it has appointed Rikant Pittie as its new Chief Executive Officer (CEO)

Nishant Pitti steps down as EaseMyTrip CEO, brother Rikant takes charge

On December 31, Nishant Pitti sold Easy Trip shares worth Rs 78.32 crore in a block trade, offloading 4.99 crore shares, which represents 1.41 per cent of the company's equity

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr

Easy Trip Planners promoter and co-founder Nishant Pitti on Tuesday divested a 1.4 per cent stake in the company for Rs 78 crore through an open market transaction. Ease Trip Planners Ltd is the parent firm of online travel company EaseMyTrip. According to the bulk deal data available on the National Stock Exchange (NSE), Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners. The shares were disposed of at an average price of Rs 15.68 apiece, taking the transaction value to Rs 78.32 crore. After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97 per cent from 50.38 per cent. Meanwhile, Arunaben Sanjaykumar Bhatiya picked up 2.40 crore shares of Easy Trip Planners at an average price of Rs 15.86 per piece. This took the deal value to Rs 38.06 crore. Details of the other buyers of Easy Trip Planners' shares coul

EaseMyTrip co-founder Nishant Pitti to exit firm with Rs 780 cr stake sale

Nishant Pitti's exit signals the completion of his divestment from the travel-tech company, leaving EaseMyTrip in the hands of institutional investors and other stakeholders

Easy Trip drops 10% amid large trade; 17.15 mn shares change hands on BSE

The selling pressure in the stock came after 17.15 million shares changed hands on BSE and 143.3 million shares changed hands on NSE

Easy Trip Planners acquires stake in 3 cos through share swap; stock up 3%

Shares of Easy Trip Planners hit an intraday high of Rs 17.33 per share, rising 3.4 per cent on the BSE in Monday's intraday trade

Easy Trip Planners stock skyrockets 15% amid heavy volumes; here's why

Shares of travel tech platform Easy Trip Planners skyrocketed up to 14.95 per cent at Rs 18.76 a piece on the BSE in Friday's intraday trade

EaseMyTrip Q2FY25 results: Net profit declines 45% to Rs 26 crore

The Delhi-headquartered company's gross booking revenue (GBR) from hotels and packages reached Rs 2,414 million, marking a 178.4 per cent Y-o-Y growth

Easy Trip Planners board approves issuance of bonus shares in 1:1 ratio

Travel tech platform Easy Trip Planners Ltd on Monday said its board has approved issuance of bonus shares. The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. The bonus shares will be issued from the company's available reserves as of March 31, 2024, it added. "This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022," the company said. EaseMyTrip CEO and Co-Founder Nishant Pitti said, "This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company's strong financial health. As we expand, it's important to continue sharing our success with those who have supported us throughout." The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The

Easy Trip Rebounds: Share gains 7% after hitting 52-wk low in last session

The rebound followed a major drop of up to 8 per cent the previous day amid multiple block deals. The drop, meanwhile, led to a fresh 52-week low for the stock.

Promoter Nishant Pitti sells 14% stake in EaseMyTrip for Rs 920 cr

Nishant Pitti, one of the promoter of Easy Trip Planners, on Wednesday divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip Planners. The shares were offloaded in the price range of Rs 37.22-38.28 apiece, taking the combined transaction value to Rs 920.06 crore. After the stake sale, Nishant Pitti's holding in Easy Trip Planners has come down to 14.22 per cent from 28.13 per cent. Also, the combined shareholding of the promoters' has declined to 50.39 per cent from 64.30 per cent. Meanwhile, Core4 Marcom picked up 5 crore shares of Easy Trip Planners and Craft Emerging Market Fund PCC -- Elite Capital Fund acquired 1.05 crore shares of the company, the data showed on the National Stock Exchange (NSE). The shares were purchased in the price range of Rs 34.25-37.95 apiece, taking the aggregate deal value

Easy Trip drops to 52-week low after promoter likely sells 8.5% stake in co

The company's Co-founder and CEO Nishant Pitti was the likely seller in the multiple block deals transacted on the counter

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder