Stock in focus: Easy Trip Planners Ltd. share price in focus
Stock in focus: Easy Trip Planners Ltd.’s stock price is still under scrutiny as the promoter sells off a portion of the Block transaction.
Due to block deal speculation, the Easy Trip Planners Ltd share price saw a steep decline on the BSE on Wednesday, ending at ₹34.30. Easy Trip Planners’ share price dropped 15.32% to ₹34.70 on the NSE.
Nishant Pitti, the promoter of Easy Trip Planners Ltd, has sold 67,357,201 shares at an average price of ₹37.42, according to bulk transaction data on the NSE. Nishant Pitti has sold an additional 100,000 shares at an average price of ₹38.28. Additionally, Nishant Pitti sold 16,91,92632 shares at a ₹37.22 average price.
Nishant Pitti has so sold 246,549,833 shares in total.
According to Easy Trip Planners’ shareholding, Nishant Pitti, one of the promoters, owns 49,84,10,788 shares, or 28.13% of the company.
As a result, Nishant Pitti, the company’s promoter, sold 13.9% of the company overall—just under half of his original holding.
On the other hand, the Easy Trip Planners share price is lagging behind due to the stake sale.
Meanwhile, Ease My Trip Planners has continued to get attention and has been in the news because of its plans to grow the YoloBus program. Over the next four years, the online travel operator EaseMyTrip, headquartered in Delhi, is reportedly intending to expand its fleet of electric buses to 2,000 vehicles.
Additionally, the business is growing into the medical tourism industry, and the board of Easy Trip Planners recently approved two acquisitions for ₹90 crore. According to a press statement from a few days ago, the board of the firm has authorized a proposed investment of ₹60 crore, or 30% of Rollins International Private Limited’s total post-money paid-up equity share capital. Additionally, it authorized the planned investment of ₹30 crore, or 49% of Pflege Home Healthcare Center LLC’s total post-money paid-up share capital.
