Ola Electric Stake Sale: Electric two-wheeler manufacturer Ola Electric’s Chief Executive Officer (CEO), Bhavish Aggarwal, on Tuesday, 16 December 2025, sold off more than 2.62 crore equity shares of the company through a bulk deal, according to the data collected from the NSE website.

The bulk deals data showed that the founder and CEO, Bhavish Aggarwal, sold a total of 2,62,56,748 equity shares of Ola Electric Mobility at an average trade price of ₹34.99 apiece on 16 December 2025.

Here’s what the company says

“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,” said Ola Electric in an official statement on Tuesday.

The company also disclosed that all of the 3.93% previously pledged shares will be released, and post the transactions, the promoter group will hold nearly a 34% stakeholding in Ola Electric.

Ola Electric clarified that there is “no dilution of promoter control or change in the long-term conviction” in the company, and this stake sale action is a move to eliminate all promoter pledges, which can result in 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 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,” the company said in its statement.

The company’s focus remains firmly on building a globally competitive, India-first electric mobility and clean energy company.

(This is a developing story. Please check back for updates)

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