Categories
Loading...
Categories
Mr. Nishant Pitti, a promoter of Easy Trip Planners Limited, has created a pledge on 8,01,29,158 equity shares, representing approximately 2.26% of the company's total share capital. The pledged shares are held in favor of Motilal Oswal Financial Services Limited. This move allows the promoter to access funds for personal use. Following this transaction, Mr. Pitti's total shareholding in the company is 45,37,21,910 shares, constituting 12.80% of the overall share capital. The encumbrance does not exceed 20% of the total share capital or 50% of Mr. Pitti's promoter shareholding, which may alleviate some investor concerns. Overall, this development indicates a need for liquidity on the part of Mr. Pitti while maintaining a significant ownership stake.