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Easemytrip

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

Co-Founder of online travel-tech aggregator EaseMyTrip Nishant Pitti on Friday said he sold a "small portion" of the promoter shares held by him for "personal reasons", days after the company announced his resignation as CEO. In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1, reassured that the travel-tech platform is on a "strong growth path" and his move to sell a portion of the promoter shares does not reflect any lack of confidence in its future. "I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip's bright future. With a talented team and Rikant's visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side. "Thank you for your unwavering suppor

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning
Updated On : 03 Jan 2025 | 6:14 PM IST

Rikant Pittie to be new CEO of EaseMyTrip, succeeds brother Nishant Pitti

Rikant Pittie will oversee the company's strategic initiatives, drive innovation, and enhance customer experiences to further strengthen EaseMyTrip's position in the industry

Rikant Pittie to be new CEO of EaseMyTrip, succeeds brother Nishant Pitti
Updated On : 01 Jan 2025 | 10:25 PM IST

Nishant Pitti steps down as EaseMyTrip CEO, brother Rikant takes charge

On December 31, Nishant Pitti sold Easy Trip shares worth Rs 78.32 crore in a block trade, offloading 4.99 crore shares, which represents 1.41 per cent of the company's equity

Nishant Pitti steps down as EaseMyTrip CEO, brother Rikant takes charge
Updated On : 01 Jan 2025 | 11:56 AM IST

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr

Easy Trip Planners promoter and co-founder Nishant Pitti on Tuesday divested a 1.4 per cent stake in the company for Rs 78 crore through an open market transaction. Ease Trip Planners Ltd is the parent firm of online travel company EaseMyTrip. According to the bulk deal data available on the National Stock Exchange (NSE), Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners. The shares were disposed of at an average price of Rs 15.68 apiece, taking the transaction value to Rs 78.32 crore. After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97 per cent from 50.38 per cent. Meanwhile, Arunaben Sanjaykumar Bhatiya picked up 2.40 crore shares of Easy Trip Planners at an average price of Rs 15.86 per piece. This took the deal value to Rs 38.06 crore. Details of the other buyers of Easy Trip Planners' shares coul

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr
Updated On : 31 Dec 2024 | 9:53 PM IST

EaseMyTrip co-founder Nishant Pitti to exit firm with Rs 780 cr stake sale

Nishant Pitti's exit signals the completion of his divestment from the travel-tech company, leaving EaseMyTrip in the hands of institutional investors and other stakeholders

EaseMyTrip co-founder Nishant Pitti to exit firm with Rs 780 cr stake sale
Updated On : 31 Dec 2024 | 11:46 AM IST

EaseMyTrip Q2FY25 results: Net profit declines 45% to Rs 26 crore

The Delhi-headquartered company's gross booking revenue (GBR) from hotels and packages reached Rs 2,414 million, marking a 178.4 per cent Y-o-Y growth

EaseMyTrip Q2FY25 results: Net profit declines 45% to Rs 26 crore
Updated On : 14 Nov 2024 | 8:39 PM IST

Promoter Nishant Pitti sells 14% stake in EaseMyTrip for Rs 920 cr

Nishant Pitti, one of the promoter of Easy Trip Planners, on Wednesday divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip Planners. The shares were offloaded in the price range of Rs 37.22-38.28 apiece, taking the combined transaction value to Rs 920.06 crore. After the stake sale, Nishant Pitti's holding in Easy Trip Planners has come down to 14.22 per cent from 28.13 per cent. Also, the combined shareholding of the promoters' has declined to 50.39 per cent from 64.30 per cent. Meanwhile, Core4 Marcom picked up 5 crore shares of Easy Trip Planners and Craft Emerging Market Fund PCC -- Elite Capital Fund acquired 1.05 crore shares of the company, the data showed on the National Stock Exchange (NSE). The shares were purchased in the price range of Rs 34.25-37.95 apiece, taking the aggregate deal value

Promoter Nishant Pitti sells 14% stake in EaseMyTrip for Rs 920 cr
Updated On : 25 Sep 2024 | 10:13 PM IST

Now, a debit card that offers travel perks, courtesy BoB and EaseMyTrip

Customers can apply for the Bank of Baroda EaseMyTrip Debit Card through Bank of Baroda branches, Mobile Banking, and Internet Banking

Now, a debit card that offers travel perks, courtesy BoB and EaseMyTrip
Updated On : 23 Sep 2024 | 4:14 PM IST

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions
Updated On : 17 Sep 2024 | 4:05 PM IST

EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC

ScanMyTrip.com will serve as a platform where online travel agencies, MSMEs, travel agents, and homestays can list services such as flights, hotels, and accommodations on the ONDC Network

EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC
Updated On : 12 Sep 2024 | 3:01 PM IST

EaseMyTrip Planners Q1 results: Net profit rises 31% to Rs 33.93 cr

Travel booking platform EaseMyTrip Planners on Tuesday reported a 31 per cent rise in its consolidated profit after tax to Rs 33.93 crore in June 2024 quarter. It had reported a profit after tax (PAT) of Rs 25.90 crore in the same quarter of last fiscal. The company's total income increased to Rs 156.22 crore in the April-June period, from Rs 126.64 crore a year ago, a regulatory filing showed. However, its total expenses also rose to Rs 109.03 crore during the quarter under review, as against Rs 91.56 crore in the corresponding period of the previous fiscal. "EaseMyTrip sustained its bottom-line growth during the relevant period, continuing with steady operational momentum along with continued focus on profitability. During Q1 FY2025, the Gross Booking Revenue was Rs 2,274.5 crore. Our Revenue from Operations grew by 23 per cent Y-o-Y at Rs 152.6 crore. EBITDA had a growth of 34.9 per cent as compared to Q1 in the previous financial year and was Rs 50.6 crore," Nishant Pitti, ...

EaseMyTrip Planners Q1 results: Net profit rises 31% to Rs 33.93 cr
Updated On : 13 Aug 2024 | 4:11 PM IST

GDP growth will be even better: EaseMyTrip co-founder Pitti on Eco Survey

Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities

GDP growth will be even better: EaseMyTrip co-founder Pitti on Eco Survey
Updated On : 23 Jul 2024 | 10:09 AM IST

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids

Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids
Updated On : 17 Jul 2024 | 12:15 PM IST

EaseMyTrip is expecting a positive cashflow from ops this year: CEO

Notably, the company's biggest revenue drivers over the last few quarters have been its non-air segments and increased hotel bookings

EaseMyTrip is expecting a positive cashflow from ops this year: CEO
Updated On : 12 Jul 2024 | 8:36 PM IST

EaseMyTrip inks MoU with UP EcoTourism Development Board to boost tourism

Online travel tech platform EaseMyTrip on Monday said it has signed an agreement with Uttar Pradesh EcoTourism Development Board (UPETDB) to boost state tourism. The objective of the Memorandum of Understanding (MoU) is to foster a strategic partnership aimed at elevating the promotion and development of tourism in Uttar Pradesh, EaseMyTrip.com said in a statement. This partnership will leverage EaseMyTrip's extensive reach and technological expertise to highlight Uttar Pradesh's rich eco-tourism offerings, it added. Under the collaboration, EaseMyTrip will also promote all registered homestays in Uttar Pradesh on its online portal. "We are excited to start this new project with UPETDB. Uttar Pradesh, with its rich history, popularity, and stunning natural beauty, hosts a plethora of underrated and unexplored destinations waiting to be discovered by more people. "We are confident that our collaboration with the UPETDB will not only benefit both parties but also contribute ...

EaseMyTrip inks MoU with UP EcoTourism Development Board to boost tourism
Updated On : 01 Jul 2024 | 5:19 PM IST

GoAir crisis: EaseMyTrip's Pitti withdraws bid for the bankrupt airline

More than three months after jointly bidding for Go First, travel portal EaseMyTrip's CEO Nishant Pitti on Saturday said he was withdrawing the bid for the bankrupt airline. Busy Bee Airways, majority-owned by Pitti, along with SpiceJet Chief Ajay Singh, had put in a bid for Go First, which is undergoing an insolvency resolution process, in February. Pitti said after careful consideration, he decided to withdraw the bid for Go First in his personal capacity. "The decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives," he said in a statement. The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First. On April 26, Pitti had said he will consider any necessary adjustments to its proposed offer for the grounded airline after reviewing the court order. It could not be immediately ascertained whether Ajay Singh will be pursuing th

GoAir crisis: EaseMyTrip's Pitti withdraws bid for the bankrupt airline
Updated On : 25 May 2024 | 6:05 PM IST

EaseMyTrip Q4 results: Net loss at Rs 15 cr, total expenses at Rs 117 cr

Travel booking platform EaseMyTrip on Friday reported a loss of Rs 15.07 crore for the March quarter on a consolidated basis, as against a profit after tax (PAT) of Rs 31.05 crore a year ago. For the full financial year ended March, the company reported a PAT of Rs 103.46 crore down from Rs 134.10 crore in the previous fiscal, the company said in a regulatory filing. Its total income for the fourth quarter of FY24 rose to Rs 172.55 crore, as against Rs 120.79 crore in the year-ago period. However, its total expenses also increased to Rs 117.48 crore in the March quarter, from Rs 76.36 crore a year ago. The company's scrip settled at Rs 44.16, down 2.54 per cent from the previous day's close on the BSE.

EaseMyTrip Q4 results: Net loss at Rs 15 cr, total expenses at Rs 117 cr
Updated On : 24 May 2024 | 6:31 PM IST

Zoomcar partners with EaseMyTrip to offer integrated travel solutions

Car sharing marketplace Zoomcar and EaseMyTrip on Tuesday announced a partnership allowing users to book self-drive cars on the latter's online travel platform. With this partnership Zoomcar's wide range of self-drive cars has been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travellers convenience and flexibility in planning their journeys, the two companies said in a statement. EaseMyTrip users will now have access to Zoomcar's fleet of over 25,000 cars, spanning a diverse range of models from hatchbacks to sedans to SUVs like Kia Carens, Hyundai Creta, Tata Nexon, and MG Astor, among others, it added.

Zoomcar partners with EaseMyTrip to offer integrated travel solutions
Updated On : 19 Mar 2024 | 6:55 PM IST

Tata Motors, NTPC, Platinum Industries, Exicom Tele-Systems in focus

Exicom Tele-Systems: Shares of the company will list on the stock exchanges today. The final issue price is Rs. 142 per share.

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Updated On : 06 Mar 2024 | 12:44 PM IST

Radisson to open second hotel in Ayodhya with EaseMyTrip, Jeewani Group

This comes just weeks after Radisson announced that it will make its debut in Ayodhya with Park Inn

Radisson to open second hotel in Ayodhya with EaseMyTrip, Jeewani Group
Updated On : 20 Feb 2024 | 4:19 PM IST