India, April 15 -- EaseMyTrip cofounder and chairman Nishant Pitti has pledged another 6.86 Cr shares worth about Rs.55 Cr to Motilal Oswal Financial Services. This represents 1.89% of the company's total share capital.

In an exchange filing, the company said that the pledge was created on March 24 for "personal use" and represents about 15% of the 45.4 Cr shares held by Pitti. He had earlier pledged 9 Cr shares of EaseMyTrip worth Rs.94.5 Cr to Motilal Oswal in July last year.

Prior to the latest pledge, 38 Cr shares, representing 10.45% stake in EaseMyTrip, were pledged by Pitti. Including the latest pledge, Pitti has pledged a total 44.87 shares of the company, representing 98.89% of his total holding and 12.34% of EaseMyTrip's total...