EaseMyTrip cofounder and chairman Nishant Pitti has pledged another 6.86 Cr shares worth about ₹55 Cr to Motilal Oswal Financial Services. This represents 1.89% of the company’s total share capital. In an exchange filing, the company said that the pledge was created on March 24 for “personal use” and represents about 15% of the 45.4 Cr shares held by Pitti.

He had earlier pledged 9 Cr shares of EaseMyTrip worth ₹94.5 Cr to Motilal Oswal in July last year. Prior to the latest pledge, 38 Cr shares, representing 10.45% stake in EaseMyTrip, were pledged by Pitti. Including the latest pledge, Pitti has pledged a total 44.87 shares of the company, representing 98.89% of his total holding and 12.34% of EaseMyTrip’s total share capital.

The chairman has consistently sold-off his stake in the company over the past few years. Pitti’s stake in EaseMyTrip reduced to 12.8% by the end of FY25 from 28.13% a year ago. This was after he sold about 5 Cr shares of the company worth ₹78.3 Cr via a block deal in December 2024. Shortly after, he stepped down from