Bhavish Aggarwal pares nearly 2.2% stake Ola Electric Mobility in three days

Bhavish Aggarwal Stake Sale

Bhavish Aggarwal, the founder and promoter, remained seller in shares of Ola Electric Mobility, the Bengaluru-based electric scooter maker, for third consecutive session on December 18. He has offloaded nearly 2.2 percent stake in three days worth more than Rs 324 crore, which is much higher than his requirement for repaying promoter level loan amounting to Rs 260 crore.

Due to consistent selling by promoter, the stock maintained its downtrend and hit all-time closing low of Rs 31.26, down 5 percent with higher volumes. It lost 80 percent from record high of Rs 157.4 on August 20 last year. Today's market capitalisation of the company stood at Rs 13,797 crore, which is significantly lower than Rs 69,000 crore it recorded at highest price level.

On Thursday, Bhavish Aggarwal sold 2.83 crore equity shares (equivalent to 0.64 percent of paid-up equity) in Ola Electric Mobility for Rs 90.3 crore at Rs 31.9 per share, taking the total selling to 2.18 percent stake worth Rs 324.4 crore in three days on a trot.

Promoter offloaded 0.95 percent stake worth Rs 142.3 crore on Wednesday, and 0.59 percent shares worth Rs 91.87 crore on Tuesday.

Promoters were holding 36.78 percent stake in Ola Electric as of September 2025, of which 8.25 percent holding was encumbered.

Bhavish Aggarwal had informed exchanges on December 16 that he had undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter level loan amounting to Rs 260 crore.

"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," he said.