Easy Trip Planners shares nosedive 10% as 1% equity changes hands in block deal window; check details

Earlier, news reports said that EaseMyTrip's co-founder Nishant Pitti would sell his remaining stake in the company, 14%, for ₹780 crore on December 31.

EaseMyTrip is the brand operated by the listed Easy Trip Planner.

Pitti was expected to sell 50 crore shares at ₹15.6 per unit.

In September this year, Nishant Pitti divested a 14% stake in the company for ₹920 crore through open market transactions.

The shares were offloaded in the price range of ₹37.22-38.28 apiece, taking the combined transaction value to ₹920.06 crore.

After the stake sale, Nishant Pitti's holding in Easy Trip Planners decreased to 14.22% from 28.13%. Additionally, the combined shareholding of the promoters' has declined to 50.39% from 64.30%.

Meanwhile, in October, the company said its board had approved the issuance of bonus shares in a 1:1 ratio.

In November, the company unveiled EMT Desk, an all-in-one platform tailored to transform corporate travel.

The company's press release added, "With EMT Desk, EaseMyTrip addresses the unique requirements of corporate clients. A dedicated travel manager oversees each account, providing strategic planning and budget analysis for efficient, cost-effective business travel."