EaseMyTrip IPO: Promoters look to offload 25% stake through share sale

Started in 2008 by brothers Nishant, Rikant, and Prashant Pitti, it will become the first online travel aggregator to be listed on Indian bourses

Topics
EaseMyTrip | IPOs

Arindam Majumder  |  New Delhi 

Online travel portal EaseMyTrip has revived its listing process, which had been halted because of the pandemic. Started in 2008 by brothers Nishant, Rikant, and Prashant Pitti, it will become the first online travel firm to be listed in India.

The promoter family, which holds 100 per cent, is looking to offload 25 per cent stake through the share sale. A person aware of the development said the company plans to close the IPO process by March-end, and expects to raise Rs 500 crore. “Failure to launch the share sale by March-end means it will have to revisit the entire ...

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First Published: Mon, February 15 2021. 06:10 IST
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