EaseMyTrip Co-founder Nishant Pitti Pledges 34.51 Cr Shares

p co-founder and promoter Nishant Pitti has pledged 34.51 crore shares of Easy Trip Planners Ltd, valued at approximately ₹212 crore, to Motilal Oswal Financial Services. The pledge, created on August 24, covers 8.66% of the company’s total share capital and is intended solely for the promoter’s personal use, not for the listed company’s business needs. The shares were valued at around ₹6.14 each at the time of the transaction, with both the pledged value and the amount involved listed at ₹211.92 crore, reflecting a 1:1 security cover. Following this move, Pitti’s total encumbered holding stands at 44.87 crore shares, or 11.26% of EaseMyTrip’s share capital. This represents nearly 99% of his individual 11.39% stake in the company, leaving him with only about 50 lakh unencumbered shares.