EaseMyTrip Chairman's Stake Plummets 54% in a Year Amid Share Pledges and Sales
Nishant Pitti, chairman of EaseMyTrip, has witnessed a significant decrease in his share in the company over the past year. Between March 2024 and March 2025, his share dropped from 28.13% to 12.8%. This decline follows a series of share pledges and sales, raising questions about governance and promoter confidence.
Pitti's share pledging began in March 2024, with 8 crore shares initially pledged. By December 2024, he had pledged an additional 9 crore shares for personal use, valued at approximately Rs 94.5 crore. This latest pledge represents 2.54% of EaseMyTrip's total equity base and 20% of Pitti's current holdings.
In December 2024, Pitti sold 5 crore shares via a block deal, raising Rs 78.3 crore. Following this sale, Pitti stepped down as chief executive in January 2025. With the latest pledge, Pitti now has 17.01 crore shares pledged, equivalent to 4.8% of the company's equity. Pitti had previously secured the release of 10 crore pledged shares in May.
Pitti's significant reduction in share and the pledging of shares for personal use have sparked investor concerns about governance and confidence in EaseMyTrip's future. Despite these developments, Pitti has assured investors that no further share sales will occur due to personal reasons and expressed confidence in the company's prospects.
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