Ola Electric shares rebound 10% after CEO Bhavish Aggarwal completes stake sale to repay ₹260 crore loan

The shares of Ola Electric rebounded 9.98% to an intraday high of ₹34.38 apiece on the national stock exchange (NSE) on Friday, December 19, after the company announced that its promoter and CEO Bhavish Aggarwal has completed the sale of a portion of his personal shareholding to repay a loan and remove all promoter pledges.

The stock had fallen more than 17% in the last three trading sessions after Bhavish Aggarwal consistently sold part of his stake. The share price of Ola Electric hit a 52-week-low of ₹30.76 yesterday.

In an exchange filing that came out post market hours on December 18, the company said that Bhavish Aggawal has sold a portion of his stake to fully repay promoter-level loan of approximately ₹260 crore.

"The transaction was undertaken solely to repay a promoter-level loan of approximately ₹260 crore fully and to release all 3.93% shares previously pledged, thereby eliminating all promoter pledges," the company statement said.

Ola Electric also said that following the transaction, the promoter group continues to hold 34.6% stake 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 statement added.

Ola Electric said that the action was taken to eliminate all promoter pledges, which can introduce avoidable risk and volatility. "It's part of the founder's conviction that Ola Electric should operate with zero pledge overhang, and he should fully unwind the leverage," according to the company filing.

In related news, Ola Electric on December 13, 2025, announced the commencement of 'Hyperdelivery' for its 4680 Bharat Cell powered vehicles.

"Under Hyperdelivery customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles on the same day", the company said.

"Hyperservice is about offering our customers world-class ownership experiences throughout their ownership journey. Hyperdelivery adds another layer of ease and convenience for customers who want to purchase our vehicles. When we introduced it earlier this year, we completely changed the way Indians bought their vehicles. And today we start offering that same ease of ownership for customers who want our 4680 Bharat Cell powered vehicles. We have been able to do this because of our D2C and vertically integrated model that offers us a massive advantage," the company added.

The share price of Ola Electric has fallen close to 66% from its 52-week-high of ₹99.95 apiece on the NSE at the time of publication. It has plunged more than 80% from its record high of ₹157.4 on August 20, 2024.