EaseMyTrip co-founder Prashant Pitti pledges shares worth Rs 95 Cr for personal use

EaseMyTrip co-founder and executive director Prashant Pitti has pledged a significant chunk of his holding in the company. According to a recent regulatory filing with the Bombay Stock Exchange (BSE), Pitti has pledged 9 crore shares, representing a sizable portion of his stake to Motilal Oswal Financial Services.

The filing notes that the pledge was created on June 26, 2025, for "personal use." While the nature of the personal use was not disclosed, such large-scale promoter pledging often raises investor concerns around promoter liquidity and future shareholding stability.

The pledged shares represent approximately 2.54% of EaseMyTrip’s total equity, considering the company's outstanding shares. At the current market price, the value of the pledged shares is estimated to be around Rs 94.5 crore.

This development comes soon after EaseMyTrip clarified that it has no links with any betting platforms. In April, the company issued a public statement denying any association with the Mahadev Betting App, after the Enforcement Directorate conducted searches related to the case. EaseMyTrip also said it is committed to ethical business practices and is fully cooperating with the authorities.

The online travel aggregator witnessed a slight dip in its revenue to Rs 139 crore in Q4FY25 from Rs 164 crore in Q4FY24. Meanwhile, for the full fiscal year (FY25), its revenue from operations remained stable at Rs 587 crore. Coming on to the bottom line, EaseMyTrip’s profits before tax stood at Rs 143 crore in FY25.

The company is currently trading at Rs 10.43 as of 10.53 AM today, with a total market capitalization of Rs 3,696 crore approximately ($435 million).