Bhavish Aggarwal sells another 0.95% stake in Ola

Ola Electric Mobility Founder and CEO, Bhavish Aggarwal

Ola Electric Mobility Founder and CEO, Bhavish Aggarwal, sold 4.19 crore shares, representing about 0.95 per cent of the company’s equity on Wednesday, through a bulk deal on the NSE. The shares were offloaded at ₹33.96 each, resulting in a transaction value of nearly ₹142 crore.

This was the second straight trading session in which Aggarwal trimmed his stake in the electric two-wheeler manufacturer. Over the two days, his total share-sales amounted to ₹234 crore, following the previous day’s offloading of shares worth ₹92 crore.

Promoter pledges

After the stake-sale on Tuesday, the company issued a statement saying, “Post the transaction, the promoter group would continue to hold approximately 34 per cent in Ola Electric, among the highest across new-age listed companies. There is no dilution of promoter control or change in the long-term conviction.”

According to the statement, the action was taken to eliminate all promoter pledges, which can introduce avoidable risk and volatility.

The company’s stock hit an all-time low of ₹32.67 on Wednesday and ended the session at ₹32.90 on the NSE, down 4.58 per cent over the previous day’s close.  

Published on December 17, 2025