Ola Founder Bhavish Aggarwal Sells Shares Worth Rs 92 Crore to Clear Pledged Holdings
Bhavish Aggarwal, founder and CEO of Ola Electric, is trending after selling 2.6 crore shares of his company through a bulk deal on December 16, 2025. The transaction valued at Rs 92 crore has sent ripples through the market as Ola Electric shares trade near their 52-week low.
The share sale represents a 0.6 percent stake in the electric vehicle maker. Aggarwal sold the shares at Rs 34.99 each, slightly above the closing price of Rs 34.50 on the trading day.
According to company statements, the move is part of a larger transaction to fully release all promoter-level share pledges totaling Rs 260 crore. The founder had pledged shares earlier to raise funds for his artificial intelligence startup Krutrim.
The transaction will release 3.93 percent of previously pledged shares, making Aggarwal debt-free at the promoter level. Ola Electric clarified that the promoter group will continue to hold approximately 34 percent stake after the sale.
This remains one of the highest promoter holdings among newly listed technology companies in India. The company emphasized that the sale does not signal any reduction in promoter commitment or confidence in long-term prospects.
Market participants are watching closely as Ola Electric shares have fallen 19 percent over the past month and corrected 41 percent in three months. The stock closed at Rs 34.20 on December 16, down 8.51 percent for the day.
The timing of the stake sale comes during what Aggarwal has termed a "transition year" for Ola Electric. The company faces ongoing challenges including over 10,000 consumer complaints being investigated by regulatory authorities.
Ola Electric has been dealing with service-related issues that have drawn scrutiny from the Central Consumer Protection Authority. The EV maker recently launched new initiatives including same-day delivery and registration services in Bangalore.
The company stated that the transaction was executed entirely at the promoter's personal level and will not impact day-to-day operations, governance framework or strategic direction. The move mirrors actions by other Indian company promoters including Apollo Hospitals and Hindustan Zinc who released pledged shares this financial year.
Industry observers note that eliminating pledge overhang can reduce volatility and risk perception for listed companies. The founder's philosophy emphasizes operating without pledged shares to maintain cleaner corporate structure.
Aggarwal joins fellow entrepreneurs who have monetized small portions of their holdings while maintaining majority control and operational leadership of their companies.
Bhavish Aggarwal continues to draw attention as he leads multiple ventures including Ola Consumer, Ola Electric and Krutrim AI. His business decisions and company performance remain subjects of public and investor interest.
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