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    Home»Business»EaseMyTrip share price: EaseMyTrip shares rise 6% as promoter sells stake worth Rs 920 crore
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    EaseMyTrip share price: EaseMyTrip shares rise 6% as promoter sells stake worth Rs 920 crore

    ElcioBy ElcioSeptember 26, 2024No Comments2 Mins Read0 Views
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    Journey aggregator shares Easy travel planningEasyMyTrip proprietor shares rose 6.4 per cent to hit a day excessive of Rs 36.49 on the Bombay Inventory Trade (BSE) as traders purchased on dips as the corporate’s promoter Nishant Pitti bought his stake for Rs 920 crore.

    In response to NSE block commerce knowledge, Nishant Pitti bought 24,65,49,833 shares (Rs 246.5 crore) of the corporate’s shares price Rs 920.06 crore at a worth vary of Rs 37.22 to Rs 38.28.

    This accounts for about 14% Easy travel planninglowering Pitti’s stake to about 14% from 28.13% within the quarter ending June 2024.

    In response to the June quarter knowledge revealed on the change web site, the promoters and promoter group collectively maintain 64.3% stake within the firm. The remaining 35.70% is within the arms of public shareholders.

    On Monday, the corporate introduced a partnership with bank of baroda begin a Co-branded travel finance card For frequent vacationers, that is the primary such card launched by a public sector financial institution.

    “Financial institution of Baroda, one in all India’s main public sector banks, in partnership with EaseMyTrip.com, one in all India’s largest on-line journey know-how platforms, as we speak introduced the launch of bank of baroda EaseMyTrip co-branded journey debit card, designed to cater to the wants of frequent vacationers in addition to leisure and life-style fanatics. “That is the primary co-branded journey debit card launched by a public sector financial institution,” the corporate mentioned in an change submitting. Shares of Simple Journey Planners have been on a downward pattern, down 12.6% over the previous 12 months and 11% to this point this 12 months. Moreover, the inventory has declined 17.6% prior to now six months and 13% prior to now three months.(Disclaimer: The strategies, recommendation, views and opinions given by consultants are their very own. The above doesn’t signify the views of The Financial Occasions)

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