Ola Electric founder Bhavish Aggarwal on Tuesday sold a part of his personal shareholding in the company to fully release all promoter-level share pledges totalling Rs 260 crore, a PTI report said.
The transaction involved a combination of monetising a small part of the promoter holding and other personal incomes, the report said.
As of the quarter ended September 2025, the promoters and promoter group held a 36.78 per cent stake in Ola Electric Mobility, as per data available on the BSE.
Ola Electric statement
In a statement, Ola Electric said that the founder-promoter has undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter-level loan amounting to INR 260 crore.
“With this, all of the previously pledged 3.93% shares will be released, removing a critical overhang. Post the transaction, the promoter group would continue to hold approximately 34% in Ola Electric, among the highest across new-age listed companies,” the company added.
The company statement said that there is no dilution of promoter control or change in the long-term conviction.
“This action is taken to eliminate all promoter pledges, which can introduce avoidable risk and volatility. “It is part of the founder’s conviction that Ola Electric should operate with zero pledge overhang, and he should fully unwind the leverage.” the statement reads
Furthermore, the statement clarified that the transaction is being executed entirely at the promoter’s personal level and would have no impact on Ola Electric’s operations, governance, or strategic direction.
Ola Electric share price
Ola Electric’s stock closed at Rs 34.20, a 8.51 per cent lower in the intra-day trade. The company’s stock has lost 64.6 per cent of its market value in the last one year.