Ola Electric shares hit all-time low; Bhavish Aggarwal offloads nearly 1% stake for Rs 142.3 crore

Bhavish Aggarwal Stake Sale

Founder and promoter Bhavish Aggarwal has offloaded nearly 1 percent equity stake in Ola Electric Mobility, an electric scooter maker based in Bengaluru, via open market transactions on December 17. He continued selling shares for the second consecutive session.

Ola Electric shares also corrected sharply for another session, perhaps may be because of consistent offloading of shares by the promoter. The stock saw all-time closing low of Rs 32.90 on the NSE, falling 4.58 percent with above-average volumes, after shedding 7.8 percent in previous session.

Largely, despite intermittent buying, it has been under the bears control since August 20, 2024 when it touched all-time high of Rs 157.40 especially after making a market debut on August 9 last year.

From record high, it plunged over 79 percent, wiping out significant investors' wealth. Today, it has a market capitalisation of Rs 14,520 crore, against more than Rs 69,000 crore valuation recorded at the highest price.

As per the bulk deals data published on the NSE, Bhavish Aggarwal sold 4.19 crore equity shares in Ola Electric for Rs 142.3 crore. These shares were offloaded at a price of Rs 33.96 per share.

In previous session, i.e. December 16, the founder had offloaded 2.62 crore equity shares (i.e. 0.59 percent of paid-up equity) in the pure electric two-wheeler maker, for Rs 91.87 crore at Rs 34.99 per share.

In the past two straight sessions, Bhavish offloaded more than 1.5 percent stake in the company for Rs 234.17 crore.

Also read: Bhavish Aggarwal sells Ola Electric stake partially after shares slump; analysts flag weak fundamentals

Total promoters' shareholding in Ola Electric was 36.78 percent, while the total number of shares encumbered stood at 8.25 percent of their holding as of September 2025.

On December 16, especially after stake sale, Bhavish Aggarwal said 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 added.

He said 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.