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    HomeNewsBusinessMarketsMC Exclusive: EaseMyTrip promoter to sell block worth Rs 580 cr at floor price of Rs 38 on Sept 25

    MC Exclusive: EaseMyTrip promoter to sell block worth Rs 580 cr at floor price of Rs 38 on Sept 25

    The floor price is expected to be Rs 38; the share closed at Rs 40.99 today

    Asha Menon
    September 24, 2024 / 18:25 IST
    The sale is being done through the brokers Motilal and SMC

    The sale is being done through the brokers Motilal and SMC

    The promoter of EaseMyTrip (Easy Trip Planners Ltd) Nishant Pitti is expected to sell 15 crore shares or 8.5 percent of the total share capital in a block deal 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. The buyer is expected to be multiple institutional investors, according to sources.

    Pitti, CEO of EasemyTrip, in a reply to email sent by Moneycontrol said that they will selling a block of shares through their brokers Motilal and SMC.

    Easemytrip closed at Rs 40.99 per unit today or 1.3 percent lower than yesterday's closing.

    (This copy will be updated.)

    Asha Menon
    first published: Sep 24, 2024 05:48 pm

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