2 days Ago
Easy Trip Planners shares will remain in focus on Tuesday, December 31, as promoter and co-founder Nishant Pitti is likely to sell his remaining 14.21% stake in the online travel platform via a block deal . The transaction, estimated at Rs 780 crore, could involve the sale of 50 crore shares at Rs 15.
6 per share, according to a report by Moneycontrol, citing sources. Institutional investors such as CRAFT Emerging Market Fund PCC - Citadel Capital Fund, CRAFT Emerging Market Fund PCC - Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited and Eminence Global Fund are likely to participate in the block deal, the report said. The company operates EaseMyTrip platform whose shares ended at Rs 16.
98 on the NSE today, up by Rs 0.45 or 2.72%.
Pitti had in September divested a 14% stake in the company for Rs 920 crore through open market transactions. Also Read : Unimech Aerospace IPO to debut on D-Street today. Check GMP, Other Details Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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In other news, the company on Monday informed exchanges about the opening of its 24th franchise store in Chhattisgarh. This latest addition strengthens the company’s offline presence under its flagship EaseMyTrip Franchise program. "The store offers a wide spectrum of travel services, including domestic and international flight bookings, premium hotel accommodations, bespoke holiday packages, and seamless bus and railway bookings.
Travelers can also avail of luxury cruise bookings, visa assistance, and curated corporate travel solutions, all designed to provide a personalized travel experience," the company filing said. Also Read : FPI selling makes 2024 second-worst year in a decade On Monday, Easy Trip Planners shares closed at Rs 17.05, up 3.
33% on the BSE, while the benchmark Sensex declined 0.57%. The stock has declined 17% in the past six months and 35% over the past two years, with the company’s market capitalization now at Rs 6,042 crore.
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