India, April 16 -- The Enforcement Directorate (ED) is reportedly conducting raids at several locations across the country linked to online travel aggregator EaseMyTrip's promoter and cofounder Nishant Pitti as part of its ongoing money laundering investigation into the INR 20,000 Cr Mahadev betting case.

The raids are currently underway in 15 locations across India, including Delhi NCR, Mumbai, Chandigarh, Ahmedabad, Indore, Jaipur, Chennai and Sambalpur, CNBC TV-18 reported, citing sources.

Following the report, shares of EaseMyTrip nosedived 8.61% to close today's trading session at INR 12.20 apiece on the BSE.

Inc42 has reached out to EaseMyTrip seeking comments on the development. The story will be updated on receiving a response....