Nishant Pitti, the co-founder and chairman of EaseMyTrip, one of India’s leading online travel booking platforms, has recently pledged equity shares worth approximately Rs 94.5 crore. This move, disclosed in a regulatory filing with the Bombay Stock Exchange (BSE), has caught the attention of investors and market watchers alike.
What Exactly Happened?
On June 20, 2025, Nishant Pitti pledged 9 crore equity shares to Motilal Oswal Financial Services. These shares represent about 2.54% of EaseMyTrip’s total equity base and nearly 20% of the 45.4 crore shares currently held by Pitti personally. The pledge was made for what he described as “personal use” in official filings.
Growing Share Pledges: A Closer Look
This recent pledge adds to an already significant amount of pledged shares by Pitti. Before this transaction, he had 8 crore shares under pledge. Earlier in May 2025, he had successfully released 10 crore shares that were previously encumbered, which had reduced his pledged shares to 8 crore. With the new pledge, the total number of shares under pledge now stands at 17.01 crore, which is about 4.8% of EaseMyTrip’s total equity.
Nishant Pitti’s Shareholding Journey: From Promoter to Partial Exit
Nishant Pitti’s pledge and share sales are part of a broader pattern of offloading his stake in EaseMyTrip over the past year. Between March 2024 and March 2025, his shareholding shrank from 28.13% to 12.8%. Notably, in December 2024, he sold 5 crore shares at Rs 15.68 per share via a block deal, raising over Rs 78 crore.
Following this, Pitti stepped down as the company’s CEO in January 2025. At that time, he publicly assured investors that no further share sales would occur and emphasized his confidence in EaseMyTrip’s growth potential under new leadership.
Investor Concerns and Market Implications
Despite Pitti’s assurances, the latest pledge has sparked fresh concerns among investors regarding promoter confidence and corporate governance. In the Indian stock market, pledging promoter shares — especially for “personal use” — is often interpreted as a warning signal. It can indicate liquidity pressures or a possible strategic shift by the promoter.
Market experts advise investors to watch such developments closely, as high levels of pledged shares can impact stock price stability and investor sentiment.
Nishant Pitti’s Statement on Share Sales
Earlier in January 2025, Nishant Pitti had tweeted:
“I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip’s bright future. With a talented team and Rikant’s visionary leadership, EaseMyTrip is on a strong growth path.”
This statement was aimed at calming investor nerves and reinforcing trust in the company’s leadership and future prospects.
What’s Next for EaseMyTrip?
EaseMyTrip continues to be a key player in India’s thriving online travel market, competing with giants like MakeMyTrip and Yatra. The company’s focus remains on expanding its technology platform, enhancing customer experience, and growing its market share.
However, promoter share pledges and stake dilution remain important factors for shareholders to monitor, as they can influence the company’s valuation and market perception.
Conclusion
Nishant Pitti’s recent pledge of shares worth nearly Rs 95 crore adds a new dimension to EaseMyTrip’s evolving corporate story. While the company’s fundamentals and growth outlook remain positive, investors will be keenly observing promoter activities and governance signals in the coming months.
For Indian investors and market watchers, this development underscores the importance of balancing optimism about growth with cautious scrutiny of promoter moves in listed startups.