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Promoter sells 5.75% in Easy Trip Planners through open market transactions

Easy Trip Planners promoter Rikant Patti has sold a 5.75% stake in the company, reducing his shareholding to 26.38%. The details of the deal were not disclosed. The other two promoters, Nishant Pitti and Prashant Pitti, did not participate in the sale. The company s shares dropped over 5% following the announcement. Easy Trip Planners is a major player in the online travel industry, offering various services including air ticket bookings. Despite the stock s low performance, it is still considered expensive based on its valuation. ....

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Recent D-Street debutant Easy Trip Planners announces dividend of Rs 2 per share


Recent D-Street debutant Easy Trip Planners announces dividend of Rs 2 per share
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After debuting on bourses in March with a listing gain of 13.5 per cent, the share price has fallen with a surge in Covid cases.
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Easy Trip Planners announced an interim dividend of 100 per cent or Rs 2 per share for fiscal 2020-21. This is the first dividend announced by the company since its listing in March 2021.
“The 100 per cent interim dividend demonstrates our commitment to our shareholders to share the rewards of the success of the company. We believe that we have the only sustainable model in the OTA business and we have shown over time that we can both grow and deliver profits consistently. The interim dividend marks a major milestone in the company’s commencement of its journey as a listed firm and we intend to keep the company strong and profitable,” said Nishant Pitti, CEO and Co-Founder of Easy Trip Planne ....

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