EaseMyTrip Co-founder Nishant Pitti to exit with Rs 780 crore stake sale via block deal
EaseMyTrip co-founder Nishant Pitti is poised to divest his remaining 14% stake in the company, valued at Rs 780 crore, through a block deal slated for December 31, according to media reports.
The transaction will involve 50 crore shares priced at Rs 15.6 each.
The deal has reportedly attracted interest from prominent institutional investors, including CRAFT Emerging Market Fund PCC’s Citadel Capital Fund, Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund.
With this sale, Pitti is set to completely exit EaseMyTrip, operated by the publicly listed Easy Trip Planners.
This move follows his earlier major divestment in September 2023, where he sold 24.65 crore shares—equivalent to 14% of the company’s total share capital—at prices ranging from Rs 37.11 to Rs 38.28 per share, netting approximately Rs 920 crore.
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