EaseMyTrip Block deal: Promoter preparing to sell 8.5% stake, block deal of Rs. 580 crore
EaseMyTrip block deal: Easy Trip Planners Limited shares may have a big block deal of Rs. 580 crore tomorrow i.e. on September 25.
According to sources, the company’s promoter Nishant Pitti may sell 15 crore shares in the block deal, which is 8.5 percent of the total share capital. Meanwhile, today the company’s shares have fallen by 1.06 percent and the stock closed at Rs. 41.03 on BSE. With today’s decline, the company’s market cap has come down to Rs 7,270.68 crore.
Floor price is expected to be Rs 38 in EaseMyTrip block deal
The floor price per share for EaseMyTrip’s block deal is expected to be Rs. 38, which will make the total transaction value around Rs. 580 crore. According to sources, the buyers could be several institutional investors.
EaseMyTrip also preparing to enter medical tourism
EaseMyTrip has recently announced to enter the medical tourism industry. Its parent company Easy Trip Planners announced 2 acquisitions for Rs. 90 crore.
The company said that its board has approved the acquisition of a 30% stake in Rollins International for Rs. 60 crore and a 49% stake in Pflege Home Healthcare Center for Rs. 30 crore.
Performance of EaseMyTrip shares
The 52-week high of EaseMyTrip shares is Rs. 54 and the 52-week low is Rs. 37.01. In the last month, the company’s shares have given a return of 1 percent.
In the last 6 months, it has fallen by about 7 percent. In the last year also, this stock has given a negative return of about 2 percent. In the last three years, this stock has fallen by 72 percent.
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