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

EaseMyTrip's co-founder, Prashant Pitti, has pledged shares worth ₹95 crore for personal use. Pledging shares means using them as collateral for a loan, often for personal financial needs rather than company operations. This development is common for founders of publicly listed companies, allowing them to unlock value from their equity without selling it outright. While a significant amount, it indicates Pitti is leveraging his personal holdings for individual purposes. This move will be watched by investors to understand any implications on the promoter's stake or financial health, but it's a routine financial strategy.