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Aggarwal Sells More Ola Electric Shares
18 Dec, 2025
Summary
- Founder sold 4.2 crore shares on Wednesday, following Tuesday's sale.
- Total sale value reached ₹234 crore to repay loan and reduce pledged shares.
- Ola Electric shares hit a new low, down 80% from their peak.
Ola Electric founder Bhavish Aggarwal has continued to sell his stake in the company, with an additional 4.2 crore shares transacted on Wednesday. This follows a sale of 2.6 crore shares just the day before. These transactions, valued collectively at ₹234 crore, are intended to fully repay a loan of ₹260 crore and remove the overhang of promoter-pledged shares.
The sales were reportedly planned in tranches, with the second tranche concluded on Wednesday. Further sales are expected to be completed in due course. Aggarwal held a 30.02% stake in Ola Electric as of the end of the September 2024 quarter.
In parallel, Ola Electric Mobility's stock price has faced significant pressure, ending Wednesday at ₹32.8, a new low and a 5% decrease for the day. The stock has plummeted approximately 80% from its post-listing high of ₹157 and is down over 55% from its initial IPO price of ₹76.
