EaseMyTrip promoter Nishant Pitti sells 14% stake

Nishant Pitti, 1 of the promoters of Easy Trip Planners,  has divested a 14 per cent involvement successful the institution for Rs 920 crore done unfastened marketplace transactions. According to the accusation available, Nishant Pitti's holding successful the institution has present travel down to 14.22 per.

According to the bulk woody information disposable connected the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent involvement successful Easy Trip Planners.

The shares were offloaded successful the terms scope of Rs 37.22-38.28 apiece, taking the combined transaction worth to Rs 920.06 crore.

Meanwhile, Core4 Marcom picked up 5 crore shares of Easy Trip Planners and Craft Emerging Market Fund PCC -- Elite Capital Fund acquired 1.05 crore shares of the company, the information showed connected the National Stock Exchange (NSE).

The shares were purchased successful the terms scope of Rs 34.25-37.95 apiece, taking the aggregate woody worth to Rs 225.71 crore.

Details of different buyers of Easy Trip Planners' shares could not beryllium ascertained.

 Meanwhile, the institution has announced venturing into the electrical autobus manufacturing marketplace done its caller subsidiary, Easy Green Mobility, which volition manufacture EV buses, with YoloBus serving arsenic its operating arm. YoloBus is simply a subsidiary of EaseMyTrip.
 
EaseMyTrip said it is investing Rs 200 crore for extended probe and improvement (R&D), merchandise development, and manufacturing works constitution implicit 2-3 years.