Nishant Pitti, co-founder of Easy Trip Planners, pledged 34.51 crore shares valued at ₹212 crore to Motilal Oswal, representing 8.66% of the company's capital, according to livemint.com. This move was reported on September 14, 2026, highlighting a significant shareholding transaction by a key promoter of the online travel platform EaseMyTrip.
The pledge involves a substantial portion of Pitti's holdings in Easy Trip Planners, the parent company of EaseMyTrip. The transaction was executed through Motilal Oswal, a prominent financial services firm. The pledge is part of promoter shareholding adjustments and reflects ongoing financial strategies by the company’s leadership, as detailed by livemint.com.
This pledge comes amid a challenging period for travel stocks, with Easy Trip Planners' shares trading under ₹10. The move by Nishant Pitti to pledge shares worth over ₹200 crore signals efforts to manage liquidity or raise capital, a common practice among promoters in the sector. Such transactions can impact market perceptions and share price movements in the competitive online travel industry.
Easy Trip Planners continues to navigate market pressures with promoter share pledges like this one, which now accounts for 8.66% of its capital. The company’s stock performance and promoter actions remain closely watched by investors and market participants, as reported by livemint.com on September 14, 2026.