Nishant Pitti, promoter of EaseMyTrip (Easy Trip Planners Ltd), is set to sell 15 crore shares, representing 8.5% of the company’s total share capital, in a block deal on September 25, as per sources. The floor price for the shares is expected to be ₹38, amounting to a transaction value of approximately ₹580 crore. Multiple institutional investors are anticipated to be the buyers.
As Per a Report by Moneycontrol, Pitti, CEO of EaseMyTrip, confirmed that the block of shares would be sold through brokers Motilal and SMC.
EaseMyTrip shares closed at ₹40.99 today, down 1.3% from the previous day’s close.
