Easy Trip Planners’ 10% equity change hands

25 Sep 2024 , 12:14 PM

On September 25, 17.6 lakh shares of EaseMyTrip’s parent business, Easy Trip Planners, valued ₹672.3 Crore, traded at ₹38 per share, representing 9.9% equity. 

On Tuesday, September 24, sources stated that the business’s promoter Nishant Pitti was to sell up to 8.5% of his ownership in the company via block agreements. The projected block size is ₹622 Crore.

According to sources, the indicative price for the transaction is ₹41.5 per share. At the end of the June quarter, Pitti owned 28.13% of Easy Trip Planners.

Easy Trip Planners expanded into medical tourism by acquiring 30% of Rollins International for ₹60 Crore and 49% of Pflege Home Healthcare Centre for ₹30 Crore.

Earlier this month, the business announced plans to enter the EV manufacturing market. Its board approved the idea to form a wholly-owned subsidiary to manufacture electric buses. The minister of corporate affairs must first approve the proposal.

Last month, the business’s co-founder Prashant Pitti stated that the company will continue to prioritise profit development, with a larger emphasis on growing into non-air travel services and overseas markets.

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