According to the company’s shareholding data for Q4, only one unnamed mutual fund held 1,152 shares in the company
In comparison, five mutual funds cumulatively held 64.63 Lakh shares (0.18% holding) in the company in the preceding December quarter, while nine funds held 84.61 Lakh shares (0.24% stake) in Q4 FY25
While mutual funds nearly exited the company, shareholding of foreign investors increased during the March quarter
Online travel aggregator EaseMyTrip’s shares have been on a freefall for over a year, with the stock plummeting to an all-time low of ₹5.77 on March 30, 2026. Amid this bloodbath, domestic mutual funds nearly sold off their entire holding in the company in the March quarter of 2026 (Q4 FY26).
According to the company’s shareholding data for Q4, only one unnamed mutual fund held 1,152 shares in the company. In comparison, five mutual funds cumulatively held 64.63 Lakh shares (0.18% holding) in the company in the preceding December quarter, while nine funds held 84.61 Lakh shares (0.24% stake) in Q4 FY25.
In the past, mutual funds like Tata, Nippon Life, Aditya Birla Sun Life, Sundaram, among others held stakes in the company.
The aforementioned mutual funds, among seven such entities, bought 58.22 Lakh shares in the company during its IPO in 2021.
While mutual funds nearly exited the company, shareholding of foreign investors increased during the March quarter. At the end of March 2026, 14 FPIs held 5.14 Cr shares, or a 1.41% stake, in the company as against 1.62 Cr shares (0.44% shareholding) held by 13 such entities at the end of December 2025. On a year-on-year basis, the holding of foreign investors dipped 61% from 13.26 Cr shares held at the end of March 2025.
Meanwhile, the shareholding of retail investors, including NRIs, in the company reduced by 6% from the preceding December quarter. At the end of March 2026, resident individual shareholders, with nominal share capital of up to ₹2 Lakh, held 135.69 Cr (37.31% stake) shares and those with nominal share capital in excess of ₹2 Lakh held 13.26 Cr shares (3.65% stake). NRIs held 4.24 Cr (1.17% stake) in the company.
These investors cumulatively owned a 39.16% stake in EaseMyTrip at the end of March 2025.
Only a few institutional investors hold more than 1% stake in the company now. One of them is Life Insurance Corporation of India (LIC), which has maintained a holding north of 2% for over a year.
LIC retained its 8.36 Cr shares, or a 2.3% stake, in the company at the end of Q4 FY26.
Besides LIC, Jeewani Hospitality held 5.49 Cr shares in the company. In April 2025, EaseMyTrip allotted 12.57 Cr equity shares to Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet education promoters Gagandeep Singh and Sanket Champaklal Shah on a preferential basis for a non-cash consideration for acquisition of stakes in the companies.
Besides, Arthkumbh Ventures LLP also held 6.38 Cr shares (1.75% stake) in the company. The Ahmedabad-based investor bought 3.93 Cr shares in the company via a block deal in February.
Promoter Holding Remains Unchanged
Meanwhile, promoter shareholding remained unchanged at 47.72%. The shareholding of Pitti brothers – Rikant (25.22%), Nishant (12.38%) and Prashant (10.03%) – has remained the same for the past three quarters.
However, the company’s cofounder and former CEO and MD Nishant has been pledging his shares for a while now. Yesterday, the company reported that he pledged shares worth ₹55 Cr for “personal use” to Motilal Oswal Financial Services. He had earlier pledged 9 Cr shares of EaseMyTrip worth ₹94.5 Cr to Motilal Oswal in July last year.
He sold about 5 Cr shares of the company worth ₹78.3 Cr via a block deal in December 2024. Shortly after that, he stepped down from the post of CEO in January 2025 and was succeeded by Rikant.
On the other hand, Prashant quit from the position of MD in August 2025 and has been working on building new businesses, MSME-focused NBFC Optimo Capital and plant-based protein atta brand MillD.
Rikant, who serves as the CEO of EaseMyTrip, launched an AI venture studio to co-create businesses with other entrepreneurs in 2025.
The company’s financial performance over the past few quarters has also been rocky.
In Q3 FY26, EaseMyTrip reported a 90% crash in its net profit to ₹3.4 Cr from ₹34 Cr in the year-ago period. Operating revenue for the December quarter increased 0.7% YoY and 28% QoQ to ₹151.7 Cr.
Notably, EaseMyTrip sank into the red in Q2 FY26, reporting a net loss of ₹36 Cr.
Shares of EaseMyTrip ended today’s trading session flat at ₹7.99 on the BSE.
Edited by Vinaykumar Rai
Creatives by Abhyam Gusai
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