Nishant Pitti, promoter of EaseMyTrip (Easy Trip Planners Ltd), is set to sell 15 crore shares, amounting to 8.5 percent of the total share capital, in a block deal on September 25. The information comes from sources close to the matter, as reported by Moneycontrol.
The floor price for the shares has been set at Rs 38 each, making the total transaction value approximately Rs 580 crore. The shares are expected to be purchased by multiple institutional investors, said Moneycontrol quoting sources.
In an email response to Moneycontrol, Nishant Pitti, CEO of EaseMyTrip, confirmed the sale, stating, “We will be selling a block of shares through our brokers Motilal and SMC.”
