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In a post on social media platform X, Pitti reassured investors, stating, “Confirming again there is no promoter selling.”
Easy Trip Planners Shares
Shares of Easy Trip Planners surged over 17% in early trade on Monday after Nishant Pitti, the company’s former CEO and promoter, confirmed there would be no further sale of promoter stakes.
In a post on social media platform X, Pitti reassured investors, stating, “Confirming again there is no promoter selling.”
This development follows Pitti’s resignation as CEO on January 1. He had clarified in an earlier post on January 3 that he remains fully committed to the company’s growth and has no intention of selling additional shares. “The brand is on a strong growth path,” he had emphasized.
Pitti’s remarks come in the wake of his stake sale on December 31, which reduced his individual holding in the company to 12.8%. The total promoter holding now stands at 48.97%, down from 50.38% previously.
Looking ahead, Pitti stated that he would focus on guiding Easy Trip Planners’ global expansion and exploring new business verticals such as corporate travel and luxury tourism. “As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations and drive our vision forward. Big things coming!” he said in his post on January 6.
He also highlighted the company’s strategic focus on integrating advanced technologies such as artificial intelligence, data analytics, and blockchain to enhance customer experiences, along with initiatives to promote eco-friendly travel and carbon offsetting.
Earlier, the company announced that Rikant Pittie, Nishant’s brother and the current Chief Financial Officer, has been appointed as the new CEO, effective immediately.
The stock hit an intraday high of Rs 18.25 per share on the NSE, climbing 17.67% from its previous close.
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