The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 04, 2025 for Nishant Pitti
EASEMYTRIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Nishant Pitti has released a pledge on 10,00,00,000 (10 crore) equity shares of Easy Trip Planners Ltd, representing 2.82% of the total share capital. The pledge was held by Motilal Oswal Financial Services Limited and was released on June 4, 2025. Post-release, Nishant Pitti's encumbered (pledged) shares dropped from 5.08% to 2.26% of total share capital, while his overall holding remains unchanged at 12.80% (45.37 crore shares). Other promoters — Rikant Pittie (25.88%) and Prashant Pitti (10.29%) — have no encumbrance on their shares.
This is a positive development for shareholders as it reduces the risk of forced selling of pledged shares and signals improved financial flexibility or confidence from the lender. It may be viewed as mildly positive for stock sentiment, though the promoter's overall stake remains the same.