Shares of travel aggregator Easy Trip Planners, owner of EasyMyTrip, surged by 6.4% to a day’s high of Rs 36.49 on the BSE as investors seized the opportunity following the offloading of a stake by the company’s promoter, Nishant Pitti, for Rs 920 crore. Pitti sold 24,65,49,833 (24.65 crore) shares for a total value of Rs 920.06 crore, with the shares traded in a price range of Rs 37.22 to Rs 38.28, according to NSE bulk deal data.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.