Ola Electric CEO offloaded 2.83 Cr shares for INR 90.3 Cr today
With this, the founder's share selling spree has totalled to INR 324.6 Cr over the past three sessions
Amid the share sale by the founder, the stock touched a fresh all-time low of INR 30.79 during the intraday trading on the BSE today
Bhavish Aggarwal’s stake sale in Ola Electric continued for the third consecutive session today, with the founder and CEO offloading shares worth INR 90.3 Cr. He sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece today.
With this, the founder’s share selling spree has totalled to INR 324.6 Cr over the past three sessions. He sold shares worth INR 92 Cr on Tuesday (December 16) and offloaded shares worth INR 142.3 Cr yesterday.
Ola Electric said in a statement that Aggarwal has now “completed the one-time, limited monetisation of a small portion of his personal shareholding” to fully repay a loan amounting to INR 260 Cr and release all 3.93% shares previously pledged, thereby eliminating all promoter pledges.
“Following the transaction, the promoter group continues to hold 34.6% in Ola Electric, with no dilution of promoter control or change in long-term commitment. This was a planned, time-bound exercise executed entirely at the promoter’s personal level and has no impact on the company’s performance, operations, or strategic direction,” the company said.
The 9.65 Cr shares sold via bulk deals this week constitute 7.3% of the 132.39 Cr shares, or 30% stake in the company, held by Aggarwal at the end of September quarter of 2025. It accounts for about 5.9% of the 162.2 Cr shares, or 36.78% stake, held by the promoter and promoter group in the company at the end of Q2 FY26.
Aggarwal’s share sale traces back to promoter loans raised against Ola Electric equity to fund his AI venture Krutrim. Beginning December last year, the founder pledged a portion of his Ola Electric holding to raise over INR 250 Cr, with additional borrowing undertaken later.
As Ola Electric’s share price slid through 2025, the pledged equity became a stock-specific risk, even though no margin calls were triggered, as per reports. The latest bulk deals have been positioned as a one-time monetisation to fully repay the loan and unwind the pledge, removing a persistent overhang on the stock.
The development comes at a time when Ola Electric is facing multiple challenges. Regulatory issues, customer complaints, declining market share and continuing losses hit the EV maker in 2025.
The company, which once pioneered the Indian electric two-wheeler market, has now slipped to the fifth position in the market. Players like Bajaj Auto, TVS Motor, Ather Energy and Hero MotoCorp overtook the company this year, with its market share in the segment falling to about 7% from 18.7% a year ago.
On the financial front, the company’s operating revenue declined about 43% to INR 690 Cr from INR 1,214 Cr in Q2 FY25. Net loss narrowed 15% to INR 418 Cr in Q2 FY26.
