Nishant Pitti, a promoter of the online travel platform EasyMyTrip, has pledged 34.51 crore shares valued at Rs 211.92 crore with Motilal Oswal Financial Services. As detailed in a recent disclosure to the stock exchanges, this pledge was established on August 24 and is intended for the promoter’s personal use. The pledged shares account for 8.66% of EasyMyTrip’s entire share capital.
The disclosure reveals that Nishant Pitti previously held 45.37 crore shares, which equates to an 11.39% stake in the company before this pledge. After the transaction, the number of encumbered shares was recorded at 44.87 crore, reflecting 11.26% ownership. Additionally, the filing indicates that the total value of the shares and the associated amount stood at Rs 211.92 crore, providing a 1:1 security cover.
Connected Entities and Stakeholders
Motilal Oswal Financial Services is the institution benefiting from the pledged shares. The reason for this encumbrance, as classified in the disclosure, is personal usage by the promoter.
It is also noteworthy that a separate filing mentions Prashant Pitti, another promoter of EasyMyTrip, who holds 36.47 crore shares or a 9.15% stake without any encumbrance associated with his shares.
Family Stake in EasyMyTrip
The recent pledge from Nishant Pitti occurs while the Pitti family maintains a significant stake in the travel company. Rikant Pitti, the third promoter, holds 91.73 crore shares, representing 23.02% of EasyMyTrip, as noted in the same disclosure.
Financial Performance Overview
EasyMyTrip, co-founded by Nishant Pitti, Rikant Pitti, and Prashant Pitti, operates an online travel platform that provides services for flight, hotel, bus, and other travel bookings. Financially, this online travel aggregator experienced an 18.5% year-on-year increase in operating revenue, reaching Rs 134.7 crore in Q1 FY27, compared to Rs 113.7 crore during the same quarter the previous year. However, the company recorded a loss of Rs 11.7 crore, a decline from a profit of Rs 44 lakh in Q1 FY26.
Current Market Status
As of 11:02 AM, shares of EaseMyTrip are trading at Rs 5.84, with a total market capitalisation of Rs 2,323 crore.