'I won't sell more': EaseMyTrip co-founder Nishant Pitti on Rs 78 crore stake sale

EaseMyTrip co-founder Nishant Pitti took to X (formerly Twitter) and said that he will not sell any further stake in the company two days after quitting as chief executive officer (CEO).

Notably, Pitti planned to sell his entire 14% remaining stake in Easy Trip Planners through block deals but could only sell 1.4% of that the following day. The next day, he quit as the company's CEO.

Nishant Pitti shares post on X

"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," Pitti wrote.

"With a talented team and Rikant’s visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side," he added.

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. To honor…

— Nishant Pitti (@nishantpitti) January 3, 2025

Who is the new CEO?

After Nishant Pitti stepped down, co-promoter and then-Executive Director Rikant Pittie was appointed as the new CEO and designated as a co-founder. Although Nishant Pitti has resigned as CEO, he continues to serve as the Chairman of the company.