Bhavish Aggarwal Sells Another Lot of Ola Electric Shares for Rs 142 Crore

Bhavish Aggarwal, Chairman and Managing Director of Ola Electric Mobility Ltd., sold 4.19 crore equity shares in the company for approximately Rs 142 crore through bulk deals on the National Stock Exchange. The shares were offloaded at an average price of Rs 33.96 apiece, according to exchange data. This transaction follows a similar sale a day earlier, where Aggarwal divested shares worth Rs 92 crore as part of efforts to repay a promoter-level loan totaling Rs 260 crore.

The latest sale contributes to a one-time, limited monetization of Aggarwal's personal stake, aimed at fully releasing all previously pledged shares representing 3.93% of the company's equity. Buyers in the bulk deal could not be immediately identified. As of September 2025, Aggarwal held a 30.02% stake in Ola Electric, with a portion pledged to lenders.

Ola Electric, a Bengaluru-based electric two-wheeler manufacturer listed on the BSE and NSE, clarified that the transactions are at the personal level and will have no impact on the company's operations, governance, or long-term strategy. The move eliminates promoter pledges, reducing potential risk and volatility while maintaining strong promoter control.

Also Read: Khaleda Zia’s Son Tarique Rahman to Return to Bangladesh After 18 Years

Post-transaction, the promoter group is expected to retain approximately 34% ownership, one of the highest among new-age listed companies in India. This development comes amid challenges for Ola Electric, including declining sales and share price pressure, but underscores the founder's continued commitment to the firm's electric mobility ambitions.

Also Read: Omar Abdullah on Kashmir Tourism: No Snow Means No Gulmarg Sales