A block deal worth Rs 176.5 crore was executed on the exchanges, involving around 4.6 crore shares, equivalent to a 2.6 per cent stake in EaseMyTrip, at a floor price of Rs 38 per share. The deal price represented a slight discount to the stock's previous closing price.

The shares of online travel aggregator EasyMyTrip, owned by Easy Trip Planners, faced a significant drop as they plummeted nearly 8% to hit an intraday low of ₹37.93 per share on the BSE. This sharp decline followed the offloading of a 2.

Easy Trip Planners share price declined up to 8% on Wednesday morning on news of a block deal. News reports suggest Promoter are likely to sell 8.5% stake for ₹622 crore.

Nishant Pitti held 28.13% of the company’s equity stake as of June 2024, according to the data available on the exchange website. A total of 64.3% of the equity in the company is held by the promoter and the promoter group.

The stock fell 7.46 per cent to hit a low of Rs 37.96 on BSE. With this, the stock is down 13.60 per cent in the past six months. It has also erased its year-to-date gains.

Nishant Pitti is expected to sell 15 crore shares or 8.5 percent of the total share capital on September 25, according to sources. The floor price per share is expected to be Rs 38 for a total transaction value of nearly Rs 580 crore.