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Pitti wrote on “X” that the stake he sold recently was due to personal reasons.
Pitti had planned on selling his entire 14% remaining stake in Easy Trip Planners through block deals, but could only sell 1.4% of that the following day.
The next day, he quit as the company’s CEO.
“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,” Pitti wrote on “X”.
I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip’s bright future.
With a talented team and Rikant’s visionary leadership, EaseMyTrip is on a strong growth path. To honor…— Nishant Pitti (@nishantpitti) January 3, 2025
Post Nishant Pitti’s stepping down, co-promoter and then Executive Director Rikant Pittie was appointed as the new CEO and also designated as co-founder. Although he has quit as CEO, Nishant Pitti remains Chairman of the company.
Shares of Easy Trip Planners ended 0.9% higher at ₹15.47 on Friday.
Also Read: Easy Trip Planners — How retail shareholding went up to 10 lakh from 50,000 in just three years
First Published: Jan 3, 2025 4:22 PM IST
