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Block Deal: A big block deal can happen as soon as the market opens tomorrow, Wednesday. According to a CNBC-TV18 report, the promoters of Easy Trip Planners can sell their stake through a big block deal. Promoter Nishant Pitti can sell his 8.5% stake in Easy Trip Planners.
According to the news, the size of the block deal can be Rs 622 crore. The indicative price for the block deal can be fixed at Rs 41.5 per share. Nishant Patti's stake in Easy Trip Planners was around 28.13% till the first quarter of the current financial year.
In response to an email sent by Moneycontrol, EaseMyTrip CEO Pitti said that they will do a block of shares through their broker Motilal and SMC. EaseMyTrip today closed at Rs 40.99 per unit, down 1.3 per cent from yesterday's closing price.
Read More: The company will raise Rs 4,500 crore through QIP, here is the complete information so far
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