Big block deal to be held on December 31, co-founder Nishant Pitti will sell 14.21% stake

A big block deal is going to happen in the shares of EaseMyTrip on 31st December. According to sources, company co-founder Nishant Pitti is preparing to sell his remaining 14.21% stake. This deal will be worth approximately ₹780 crore. EaseMyTrip, which operates under Ease Trip Planner, is a leading company in online travel booking.

Status of EaseMyTrip shares

• On 30th December:
  • A gain of 3.33% was seen in the company’s shares.
  • The stock has ₹17.05 Ended the day on BSE at Rs.
  • Total market cap of the company ₹6,042.66 crore Is.

Nishant Pitti will sell 50 crore shares

Nishant Pitti in this block deal ₹15.6 per unit at the floor price of 50 crore shares Will sell.

• Potential Buyer:
  • CRAFT Emerging Markets Fund PCC – Citadel Capital Fund.
  • CRAFT Emerging Markets Fund PCC – Elite Capital Fund.
  • Multitude Growth Funds Limited.
  • Nexpact Limited.
  • Eminence Global Fund.

There was a big deal earlier also

• 25 September 2024:
  • pitti company 14% stake (24.65 crore shares) Had sold.
  • price of shares ₹37.11 to ₹38.28 per unit Was.
  • from this transaction ₹920 crore Were collected.

EaseMyTrip share performance

• Last 5 days: Shares rose by more than 7%.
• Last 1 month: Shares fell 1.33%.
• Last 6 months: Decline of 17%.
• Last 1 year: EaseMyTrip shares fell 16%.

What is the future of investing in EaseMyTrip shares?

Nishant Pitti’s decision to sell stake repeatedly may put pressure on the company’s stock. However, the participation of major institutional investors in this deal indicates that the company has strong long-term prospects.