Easy Trip Planners saw its shares fall by 8% after 4.6 crore shares, representing 2.6% of the company’s equity, were traded in a bulk deal at an average price of ₹38 per share.
By 9:24 am, the stock was down 7.22%, trading at ₹38.02 on the NSE.
Easy Trip Planners Limited operates the online travel platform EaseMyTrip.com, one of India’s largest and fastest-growing internet companies. It offers comprehensive travel solutions, including air, rail, and bus tickets, hotel bookings, holiday packages, and other value-added services.
Listed on the National Stock Exchange and BSE, EaseMyTrip provides access to over 400 international and domestic airlines and more than 2 million hotels. It also offers services like train ticket bookings and taxi rentals across major Indian cities. The platform has achieved a 59% compounded annual growth rate in profit after tax from FY20 to FY23.
Founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti, EaseMyTrip is headquartered in New Delhi and aims to offer a one-stop solution for travelers, from flight bookings to local transport. The promoters hold about 65% of the company’s shares, with the remaining owned by public shareholders.
With offices in cities like Delhi, Gurugram, Noida, Mumbai, and Bengaluru, EaseMyTrip also has a global presence in countries like the Philippines, Thailand, Singapore, the UK, the USA, New Zealand, and the UAE. Backed by modern technology and a solid business model, the company has been consistently profitable since its inception.
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