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 920.06 crore.
The first transaction involved 16.91 crore shares, or 9.54% stake, at Rs 37.22 apiece. In the second transaction, he offloaded 6.73 crore shares, or 3.8% equity, at Rs 37.42 apiece. In the third deal, he traded 1 crore shares, or 0.56% stake, at Rs 38.28 apiece.
Pitti held a 28.13% stake in the company as of June 2024.
Core4 Marcom Pvt. acquired 5 crore shares, or 2.82% equity, at Rs 37.95 apiece, and Craft Emerging Market Fund PCC-Elite Capital Fund bought 1.05 crore shares, or 0.59% stake, at Rs 34.25 apiece.
Earlier in September, the company's board had approved a proposal to incorporate a wholly owned subsidiary to venture into the electric bus manufacturing market.
The online travel company said that Easy Green Mobility, along with YoloBus, another subsidiary of the company, will make EV buses.
Shares of Easy Trip Planners closed 15.32% lower at Rs 34.70 apiece on the NSE, compared to a 0.25% rise in the benchmark Nifty. The stock has fallen 17.89% in the last 12 months and 14.94% year-to-date. The relative strength index was 29.13.
RECOMMENDED FOR YOU
Five-Star Business Finance Holders To Divest Stake Worth Rs 4,317 Crore
Sep 25, 2024
Easy Trip Hits 20% Lower Circuit To Hit 30-Month Low After Large Trades
Sep 25, 2024
GE T&D Shares Locked In Lower Circuit As Promoters To Sell 11.7% Stake
Sep 19, 2024
GE T&D Promoters To Sell 11.7% Stake Via Offer For Sale
Sep 18, 2024
POPULAR