Easy Trip Planners shares plunge over 15% as promoters sell 8.5% stake

Shares of Easy Trip Planners, one of India’s largest online travel platforms, tumbled 15.3% in intraday trade, dropping below Rs 35 to Rs 34.70 apiece, hitting a 31-month low. The sharp decline followed a block deal involving 17.6 crore shares, or 9.9% of the company’s total equity, changing hands.

Promoter Stake Sale Sparks Decline

The fall in stock price comes after reports on September 24 from CNBC-TV18, citing sources, that promoter Nishant Pitti is expected to sell up to 8.5% of his stake through block deals, with an estimated block size of Rs 622 crore.