EaseMyTrip’s Nishant Pitti Pledges Shares Worth INR 95 Cr For ‘Personal Use’...

EaseMyTrip's co-founder, Nishant Pitti, has pledged shares worth ₹95 crore for personal use. Pledging shares involves using them as collateral for a loan. This move indicates that Pitti is leveraging his personal holdings in the company for private financial needs, rather than for the company's operational requirements. While common for founders, it draws investor scrutiny regarding the reasons and potential impact on shareholding patterns. This action reflects the liquidity options available to promoters in publicly listed companies, allowing them to monetize a portion of their equity without divesting it entirely, for personal financial management.