Nishant Pitti says Easy Trip Planners share sale for 'personal reasons', no plan to sell further stake

Nishant Pitti

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Nishant Pitti, promoter of Easy Trip Planners who stepped down as CEO earlier this week said in a social media post on January 3 that he does not intend to sell any further stake in the company and assured the brand is on a 'strong growth path'.

Nishant Pitti, a promoter of Easy Trip resigned as the CEO of the company on January 1. Rikant Pittie, the CFO of the company and Nishant's brother, has been appointed as the CEO with immediate effect. After the stake sale on December 31, Pitti's share in Easy Trip has come down to 12.8 per cent. The combined promoter holding too has declined to 48.97 per cent from 50.38 per cent.

Nishant Pitti has sold some of his stake in the company during 2024, and in this first week of 2025, he further pared 1.4% stake in Easy Trip Planners before stepping down as CEO of the company. On December 30, Moneycontrol had reported that Pitti was considering to sell his remaining 14 percent stake in Easy Trip Planners, which would have helped him raise Rs 780 crore.

"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," Nishant Pitti said in his post on X platform. Pitti added that he had sold 'small portion' of his stake promoter shares in the company for 'personal reasons'.

"I want to assure you this does not reflect any lack of confidence in EaseMyTrip’s bright future," he added in the post. Moneycontrol was the first to report Pitti’s plan to offload an 8.5 percent stake in the company back in September.

During the September quarter earnings call, Managing Director Prashant Pitti had said that the promoter family is very much committed to the company.