India, July 3 -- Six months after he pared his stake in EaseMyTrip, its chairman Nishant Pitti has pledged 9 Cr shares worth INR 94.5 Cr to Motilal Oswal Financial Services.
As per a filing with the BSE, Pitti pledged 2.54% stake in the online travel aggregator (OTA) company to the investment firm for "personal use". The pledge was created on June 20 and represents about 13% of the 45.4 Cr shares held by Pitti.
Prior to the fresh pledge created for Motilal Oswal, Pitti had pledged 8 Cr shares of the company. Notably, last month, Pitti got the pledge on 10 Cr encumbered shares removed, following which his pledged shares declined to 8 Cr.
With the fresh addition, he has pledged 17.01 Cr shares, or a 4.8% stake, of the company to Motilal ...
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