Easy Trip Planners shares zoom 15% after Nishant Piiti confirms ‘no promoter selling’

Shares of EaseMyTrip- operator Easy Trip Planners zoomed 15% to their day’s high of Rs 17.84 in an early trade after the company’s promoter Nishant Piiti, via a post on X, confirmed that there will be no additional stake sale.

“Exciting times ahead for @EaseMyTrip! As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations and driving our vision forward. Big things coming! Confirming again there is no promoter selling,” read his post on X.



In an interview with CNBC TV-18, Pitti said that the 1.4% stake he sold last week was due to personal requirements and that neither he, Prashant or Rikant Pittie will be selling any further stake in the company. He also said that the 14.2% stake that he owns in the company was never fully on sale to begin with.

This was further confirmed by his other, previous tweet on X.

“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,” the aforementioned tweet said.

Pitti further wrote that “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”.


Nishant Pitti said that everything is fine between the three brothers and that he will stay on as the Chairman of the board. He added that the funds raised from the stake sale will be used for investing into the travel sector, according to the reports by CNBC TV-18.

The shares of Easy Trip Planners have dived 20.3% in the last one year and by 21% in the last 6 months.

Also read: Bajaj Finance shares rise over 2% after Q3 update: New loans jump 22% YoY, AUM surges 28%

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)