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HomeLatest NewsEaseMyTrip Chairman Nishant Pitti Pledges 9 Cr Shares Worth INR 94.5 Cr to Motilal Oswal for Personal Use

EaseMyTrip Chairman Nishant Pitti Pledges 9 Cr Shares Worth INR 94.5 Cr to Motilal Oswal for Personal Use

  • July 4, 2025
  • Brandz Editor Team
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In a notable development within the Indian travel-tech sector, EaseMyTrip co-founder and chairman Nishant Pitti has pledged 9 crore shares of the company, valued at INR 94.5 crore, to Motilal Oswal Financial Services. According to a recent filing with the Bombay Stock Exchange (BSE), the share pledge was executed on June 20 and represents 2.54% stake in the company.

The transaction was clarified to be for “personal use,” signaling that the move was not related to company operations or strategic business transactions. The pledged shares account for nearly 13% of Pitti’s total holding, which stands at approximately 45.4 crore shares in EaseMyTrip.

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This is not the first time Pitti has pledged shares of the online travel aggregator (OTA). Earlier, he had pledged 8 crore shares, though he recently managed to get the encumbrance removed from 10 crore shares, bringing the pledged total down temporarily before this latest update.

The new pledge brings Pitti’s encumbered shares to 9 crore, slightly higher than the previous 8 crore, indicating ongoing financial arrangements that may be tied to personal investments, obligations, or asset structuring. The nature of the personal use has not been publicly disclosed, which is not uncommon in such scenarios where promoters leverage their shareholding to access liquidity.

EaseMyTrip, one of India’s leading online travel platforms, has been a publicly listed company since 2021 and has shown strong growth in both revenue and market presence. Despite industry-wide headwinds such as rising operational costs and fluctuating travel demand, the company has remained profitable and continues to expand its offerings in domestic and international markets.

The share pledge by a promoter can often raise questions among investors and market analysts, especially when it involves a significant portion of holdings. However, it’s worth noting that pledging shares for personal use doesn’t necessarily imply any weakening of business fundamentals. Promoters frequently use their equity in a company as collateral for loans or other investments.

Market experts advise stakeholders to keep an eye on the pledged share ratio, as higher levels can pose a risk if the stock price drops significantly. In such cases, lenders may demand additional collateral or initiate a sale of the pledged shares, which can impact stock performance.

As of now, there’s been no adverse market reaction, and EaseMyTrip’s core business remains steady. The company continues to enhance its digital infrastructure, customer experience, and partner network—cementing its role in the post-pandemic travel boom in India.

With this latest development, industry watchers will likely monitor Pitti’s shareholding activity more closely in the coming months, especially as EaseMyTrip navigates both domestic and global travel markets and possible strategic expansions.

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