Stock Market Today: Easy Trip Planners share price declined 10% in the morning trades on Tuesday following promoters stake sale news.
On Monday, December 30, CNBC-TV18 reported, citing sources that EaseMyTrip co-founder Nishant Pitti was set to sell his remaining 14.21% stake in the company for ₹780 crore via a block deal the next day.
As per the nes report Pitti was to offload 50 crore shares at a floor price of ₹15.6 per unit.
The floor price as per the news report was significantly lower than the closing price of Easy Trip Planners shares. Easy Trip Planners share price had closed at ₹17.05 on the BSE on Monday. The floor price reported as per news reports was close to 9% lower over the monday closing price of Easy Trip Planners shares.
Easy Trip Planners share price opened at ₹15.76 on the BSE on Tuesday , more than 7 % lower than the previous close. The Easy Trip Planners share price thereafter declined to lows of ₹15.36, marking decline of 10%
