[Update] Bhavish Aggarwal Sells Ola Electric Shares Worth INR 234 Cr

by · Inc42

SUMMARY

  • Ola Electric cofounder Bhavish Aggarwal has sold a 0.6% stake or 2.6 Cr shares in the EV maker in a bulk deal for INR 92 Cr. The deal valued each share at INR 34.99, slightly higher than the company’s closing price of INR 34.50 today
  • Per the latest shareholding data for September 2025, Aggarwal held a 30.02% stake in Ola Electric before the sale. Of this, 10.11% is pledged with lenders and 66.63% locked in, as per BSE shareholding data
  • The company said that the stake sale was part of a broader promoter-level transaction aimed at fully releasing all share pledges worth around INR 260 Cr