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Ola Electric's Founder Bhavish Aggarwal Releases ₹260 Crore Share Pledges
Bhavish Aggarwal monetised his stake to release ₹260 crore in promoter-level share pledges, strengthening Ola Electric’s financial position without diluting control.
Ola Electric’s founder, Bhavish Aggarwal, has monetised his personal shareholding to fully release ₹260 crore worth of promoter level share pledges, according to a PTI report. This move comes as part of Aggarwal’s strategy to remove any overhang of pledged shares, which could have posed risks related to margin and volatility.