The decline in Easy Trip Planners, the owner of Ease My Trip, comes even as the company said it has appointed Rikant Pittie as its new Chief Executive Officer (CEO)
Stocks to Watch, Jan 2, 2025: From auto stocks to NMDC here is a list of stocks that will remain in focus today
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
The selling pressure in the stock came after 17.15 million shares changed hands on BSE and 143.3 million shares changed hands on NSE
Shares of Easy Trip Planners hit an intraday high of Rs 17.33 per share, rising 3.4 per cent on the BSE in Monday's intraday trade
Shares of travel tech platform Easy Trip Planners skyrocketed up to 14.95 per cent at Rs 18.76 a piece on the BSE in Friday's intraday trade
Travel tech platform Easy Trip Planners Ltd on Monday said its board has approved issuance of bonus shares. The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. The bonus shares will be issued from the company's available reserves as of March 31, 2024, it added. "This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022," the company said. EaseMyTrip CEO and Co-Founder Nishant Pitti said, "This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company's strong financial health. As we expand, it's important to continue sharing our success with those who have supported us throughout." The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The
The rebound followed a major drop of up to 8 per cent the previous day amid multiple block deals. The drop, meanwhile, led to a fresh 52-week low for the stock.
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
The company's Co-founder and CEO Nishant Pitti was the likely seller in the multiple block deals transacted on the counter
This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder
ixigo share price: Analysts caution against chasing the momentum in the online travel agencies, given the cyclical nature of the travel industry
Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent
Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.
Online travel services provider Easy Trip Planners Ltd on Friday reported a 9.56 per cent increase in consolidated net profit at Rs 45.68 crore in the third quarter ended December 31, 2023. The company had posted a consolidated net profit of Rs 41.69 crore in the same period last fiscal, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 160.79 crore as against Rs 136.15 crore in the year-ago period, it added. Total expenses were higher at Rs 105.05 crore as compared to Rs 82.6 crore in the corresponding period a year ago, the company said. "Looking ahead, we're intensifying efforts to grow our air ticketing business and enhance our presence in non-air segments such as hotels, holidays, and transportation on a global scale," Easy Trip Planners Co-founder and CEO Nishant Pitti said. Also, he said, "We are expanding our retail footprints domestically and explorin
Online travel service provider Easy Trip Planners Ltd is planning to raise up to Rs 1,000 crore through a preferential issue. The board of directors of the company, at its meeting held on Tuesday, has given in-principle approval for the fundraising proposal, Easy Trip Planners, which operates under the brand EaseMyTrip, the company said in a regulatory filing. The company further said that the board's in-principle approval pertains to "identifying the optimum combination of equity shares and/or warrants convertible into equivalent number of equity shares of the company to be issued on preferential basis for raising funds up to Rs 1,000 crore." The exercise will be on such terms and conditions as may be determined by the board in accordance with SEBI regulations and other applicable laws and to identify the list of proposed allottees for the aforesaid purpose, it added.
Online travel service provider Easy Trip Planners Ltd on Friday said it has acquired 13.39 per cent stake in Eco Hotels and Resorts in a share swap deal. The company's investment in equity shares of Eco Hotels India is swapped with equity shares of the latter in the ratio of 1:1, Easy Trip Planners, which operates under brand EaseMyTrip, said in a regulatory filing. Subsequently, it has acquired 40 lakh equity shares of Rs 10 each of Eco Hotels and Resorts issued on preferential basis, it added. "Our choice to invest in stakes aligns with our vision to contribute positively to the growth of eco-friendly and green hotels. This investment marks another milestone in our journey to diversify our portfolio and enhance the travel experiences we offer to our customers," EaseMyTrip Co-Founder and CEO Nishant Pitti said. Eco Hotels and Resorts Executive Chairman V K Tripathi said the stake sale is a calculative move towards expanding the company's horizons and to present its guests with "a
Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.
Online travel service provider Easy Trip Planners Ltd on Monday reported a 21.82 per cent decline in consolidated net profit at Rs 25.9 crore for the June quarter. The company had posted a consolidated net profit of Rs 33.13 crore in the year-ago quarter, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Consolidated revenue from operations during the first quarter of the current fiscal stood at Rs 124.05 crore, as against Rs 87.58 crore a year ago, it added. Total expenses were higher at Rs 91.56 crore, as compared to Rs 47 crore in the same period a year ago, the company said.
The board also approved the appointment of legal advisers, merchant bankers, tax consultants, and other professionals