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Home/Business/EaseMyTrip’s Pitti Pledges ₹55 Cr Shares

EaseMyTrip’s Pitti Pledges ₹55 Cr Shares

Business
By ThePip Desk•
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Two men in an office, one seated at a desk with laptops and documents, the other standing and holding a tablet displaying charts.

Business professionals reviewing financial data with a “Motilal Oswal Financial” sign visible outside.

Key Highlights

EaseMyTrip’s Nishant Pitti pledges additional shares worth ₹55 Cr to Motilal Oswal Financial Services for personal use. Impact on stock and company holdings.

EaseMyTrip cofounder and chairman Nishant Pitti has pledged an additional 6.86 Cr shares, with an estimated value of ₹55 Cr, to Motilal Oswal Financial Services. This pledge accounts for 1.89% of the company’s total share capital.

According to an exchange filing, the pledge, created on March 24, is designated for “personal use” and represents about 15% of Pitti’s holdings of 45.4 Cr shares. Pitti had previously pledged 9 Cr shares of EaseMyTrip to Motilal Oswal in July of the previous year, which were valued at ₹94.5 Cr.

Prior to this latest transaction, Pitti had already pledged 38 Cr shares, representing a 10.45% stake in EaseMyTrip. With the inclusion of the most recent pledge, the total number of shares pledged by Pitti amounts to 44.87 Cr, which is 98.89% of his total holdings and 12.34% of EaseMyTrip’s total share capital.

Notably, Nishant Pitti stepped down from his position as CEO of EaseMyTrip in January of last year.

EaseMyTripMotilal Oswal Financial