Shares of EaseMyTrip fell 20% today, reaching INR 32.78 on the BSE. This drop follows CEO and co-founder Nishant Pitti selling over 4.6 crore shares at INR 38 each, totaling about INR 176.5 crore.
The sale, equivalent to a 2.6% stake in the company, triggered a lower circuit limit, impacting investor confidence. Established in 2008, EaseMyTrip started as an online travel agency and has since expanded into insurtech and electric bus manufacturing. Investors are closely watching the situation as the company faces significant market reactions.