Market News
2 min read | Updated on January 06, 2025, 09:50 IST
SUMMARY
Easy Trip Planners share price rose as much as 17.6% to ₹18.25 per share on the National Stock Exchange (NSE) in the early trade. At 9:30 am, it was up 6% to ₹16.45 apiece.
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Ease Trip Planners Ltd is the parent firm of online travel company EaseMyTrip.
In the early trade, the stock rose as much as 17.6% to ₹18.25 per share on the National Stock Exchange (NSE). At 9:30 am, it was up 6% to ₹16.45 apiece.
Taking to X on Monday, Pitti said that as a chairman, he will focus on shaping the company's future and driving international operations.
Stating that big things are coming, he confirmed that "there is no promotor selling".
"Operated profitably since inception with a no-convenience-fee model. Focused on global expansion and entering new verticals like corporate travel and luxury tourism," he said.
On December 31, Pitti divested a 1.4% stake in Easy Trip Planners for ₹78.32 crore via an open market transaction. He also resigned as its chief executive officer (CEO), citing personal reasons.
In his resignation letter, Pitti said, "I, Nishant Pitti, Chairman and CEO of Easy Trip Planners Limited, hereby tender my resignation from the position of CEO due to personal reasons with effect from January 01, 2025. Kindly accept this resignation and relieve me from being the CEO of the company and acknowledge the receipt of this resignation."
Following his departure from the top post, the company appointed Rikant Pittie as its new CEO.
On January 3, regarding the stake sale, Nishant Pitti assured investors that this move does not reflect any lack of confidence in EaseMyTrip's bright future.
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