Shares of Ola Electric Mobility ended at 9.98 per cent to ₹34.38 on Friday, recovering from the previous day’s close of ₹31.26, after founder Bhavish Aggarwal sold 2.83 crore shares at ₹31.90 per share to eliminate all promoter pledges.
The company confirmed that Aggarwal undertook a one-time monetisation of a small portion of his personal shareholding, representing 0.6 per cent stake. The proceeds were used exclusively to repay a promoter-level loan of approximately ₹260 crore and release all 3.93 per cent shares that were previously pledged.
Following the transaction, the promoter group continues to hold 34.6 per cent in Ola Electric, with the company emphasising that there is no dilution of promoter control or change in long-term commitment. The move was described as a planned, time-bound exercise executed entirely at the promoter’s personal level.
The stock witnessed robust trading activity with volumes of 2,361.07 lakh shares and a traded value of ₹800.87 crore. The counter recorded 100 per cent buy orders, with 24.57 per cent of traded quantity resulting in delivery.
Despite Friday’s gains, Ola Electric shares remain under pressure on a longer-term basis, down 60.13 per cent year-to-date and 63.86 per cent over the past year. The stock hit its 52-week low of ₹30.76 on Wednesday, having declined from its 52-week high of ₹99.95 recorded in December 2024.
The company clarified that the transaction has no impact on its performance, operations, or strategic direction.
Published on December 19, 2025
