Ola Electric Completes Founder Share Monetisation to Fully Repay Rs 260 Crore Loan

Shares of Ola Electric Mobility surged up to 8% on the BSE, reaching a high of Rs 33.68, following the completion of a stake sale by founder and promoter Bhavish Aggarwal to eliminate all promoter pledges. The company confirmed that Aggarwal undertook a one-time, limited monetisation of a small portion of his personal shareholding over three days, raising approximately Rs 324 crore through bulk deals. This enabled the full repayment of a Rs 260 crore promoter-level loan, resulting in the release of all previously pledged 3.93% shares and bringing promoter pledges to zero.

The transaction, executed entirely at the personal level, removed a significant overhang that investors often view as a risk factor due to potential volatility from margin calls or forced sales. Ola Electric emphasised that the move aligns with Aggarwal's conviction to operate without pledge-related leverage, strengthening the company's governance profile. Post-sale, the promoter group retains approximately a 34% stake—one of the highest among new-age listed companies—with no dilution in control or shift in long-term commitment.

Market reactions were positive, as the elimination of pledges alleviated concerns amid the stock's recent pressure from operational challenges and sector headwinds. The loan had originally been secured against shares, reportedly to fund Aggarwal's AI venture Krutrim, but the repayment underscores a focus on de-risking the EV firm's capital structure. Analysts noted that zero pledges enhance investor confidence, particularly for a recently listed entity navigating market fluctuations.

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

Ola Electric clarified that the stake sale has no impact on operations, strategy, or governance, and reaffirmed its ambition to build a globally competitive electric mobility ecosystem. The company stated there are no plans for fresh promoter pledging going forward.

This development marks a proactive step in corporate hygiene, joining similar actions by promoters in other firms to unwind leverage. With the overhang cleared, attention shifts back to Ola Electric's execution in expanding manufacturing, battery technology, and market share in India's growing EV segment.

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