Nishant Pitti, chairman of EaseMyTrip, pledges 9 crore shares worth Rs 94.5 crore for 'personal use' to Motilal Oswal Financial Services.
This pledge represents 2.54% of the company's total equity and adds to the existing 8 crore shares already under pledge, bringing the total to 17.01 crore shares.
Pitti's stake in EaseMyTrip has decreased significantly from 28.13% to 12.8% between March 2024 and March 2025, with notable share sales including a block deal in December raising Rs 78.3 crore.
The latest pledge raises concerns among investors regarding governance and promoter confidence, as pledging promoter shares for personal use is often seen as a red flag for potential liquidity issues or strategic changes.