NEW DELHI, Jan 3: Nishant Pitti, Co-Founder of the online travel-tech aggregator EaseMyTrip, announced on Friday that he has sold a “small portion” of his promoter shares for “personal reasons,” shortly after the company confirmed his resignation as CEO.
In a post on social media, Nishant, who was succeeded by his brother and Co-Founder Rikant Pittie after EaseMyTrip appointed him as the new CEO on January 1, emphasized that the travel-tech platform is on a “strong growth path.” He noted that his decision to sell part of his shares should not be interpreted as a lack of confidence in the company’s future.
“I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not indicate any lack of confidence in the bright future of EaseMyTrip. With a talented team and Rikant’s visionary leadership, EaseMyTrip is poised for strong growth. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side,” he stated.
“Thank you for your unwavering support. Together, we will achieve even greater success. The best is yet to come!” Nishant added in a post on X.
On Wednesday, EaseMyTrip announced that its Co-Founder and CEO Nishant Pitti resigned due to “personal reasons.”
“In his new role, Rikant will spearhead the company’s strategic initiatives, drive innovation, and enhance customer experiences to further solidify EaseMyTrip’s standing in the industry,” the company indicated in a regulatory filing dated January 1. (PTI)
