Easy Trip Planners Ltd share price in focus as promoter sells stake in block deal. As per the NSE data Promoters Nishnat Pitti has sold 237,549,833 shares in block deals at average prices of ₹37.22- 38.

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.

Easy Trip Planners promoter Nishant Pitti sold close to 3 percent stake in the company through a block deal in the previous sessions, sending shares of the company to an all-time low.

Easy Trip Planners share price declined more than 8% on Wednesday morning on news of a block deal. News reports suggest Promoter is likely to sell 8.5% stake.

The indicative price for the sale is set at ₹41.5 per share, as per sources. As of the end of the first quarter, Pitti held a 28.13% stake in Easy Trip Planners. Shares of Easy Trip Planners Ltd ended at ₹41.

Promoter of Easy Trip Planners Ltd. sold a 13.9% stake on Wednesday through an open market transaction. Nishant Pitti offloaded 24.64 crore shares through three different bulk transactions for Rs 920.

Easy Trip Planners expanded into medical tourism by acquiring 30% of Rollins International for ₹60 Crore and 49% of Pflege Home Healthcare Centre for ₹30 Crore.

Easy Trip Planners shares have posted negative returns across various time frames. Over the past month, the stock fell 13.21%, while it declined 18.93% in the last six months. Year-to-date, shares dropped 12.

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.

Nishant held 49,84,10,788 shares or 28.13 per cent stake in Easy Trip Planners as on June 30. Rikant held 45,86,40,176 shares or 25.88 per cent stake, while Prashant owned 18,23,27,120 shares or 10.29