As many as 17.6 crore shares, or 9.9% equity of Easy Trip Planners — the parent company of EaseMyTrip — worth ₹672.3 crore changed hands at ₹38 per share on Wednesday, September 25.

On Tuesday, September 24, sources told CNBC-TV18 that the company’s promoter Nishant Pitti was to sell up to 8.5% of his stake in the company via block deals, with an estimated block size of ₹622 crore.

Sources said the indicative price for the sale was set at ₹41.5 per share.

At the end of the June quarter, Pitti held 28.13% stake in Easy Trip Planners.

Easy Trip Planners recently also ventured into the medical tourism industry, with its board approving the acquisition of 30% stake in Rollins International for ₹60 crore and 49% stake in Pflege Home Healthcare Center for ₹30 crore.

Earlier this month, the company anounced its plans to foray into EV manufactuing. Its board approved the proposal to incorporate a wholly-owned subsidiary to manufacture electric buses. The same is subject to necessary approvals from the ministry of corporate affairs.

Last month, the company’s co-founder Prashant Pitti told CNBC-TV18 that the company plans to keep prioritising profit growth, with a stronger focus on expanding into non-air travel services and international markets

Easy Trip Planners shares were down 7.2% at ₹38.03 apiece at 9.30 am on Wednesday, September 25.

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