EaseMyTrip co-founder to exit company with Rs 780 crore stake sale

EaseMyTrip co-founder Nishant Pitti is set to sell his remaining 14% stake in the company for Rs 780 crore through a block deal scheduled for December 31, according to reports. The transaction involves 50 crore shares priced at Rs 15.6 per unit.

Several prominent institutional investors are reportedly lined up to participate in the deal, including CRAFT Emerging Market Fund PCC’s Citadel Capital Fund and Elite Capital Fund, along with Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund.