Editor’s Note
Ola Electric’s stock surged following the company’s disclosure of a one-time sale of a portion of the founder’s personal shares. This move, while providing liquidity for the founder, is distinct from a company share sale and has been interpreted positively by the market.
Ola Electric Mobility Ltd. share price witnessed a surge of up to 10% today. This follows the company’s confirmation on December 18 regarding the one-time monetization of a portion of the founder’s personal shareholding.
Ola Electric Mobility Ltd. shares witnessed a sharp rally today. The stock hit the 10% upper circuit. The company confirmed on Thursday the one-time monetization of a portion of the founder’s personal shareholding. This monetization was done to fully repay a promoter-level loan of approximately ₹260 crore. On the NSE, the shares were locked at the 10% upper circuit band of ₹34.38. The Bengaluru-based company stated in a release that this transaction has resulted in the release of all previously pledged 3.93% shares, bringing the promoter’s pledge in the company to zero. The company said the monetization was a planned, time-bound process executed entirely at the promoter’s personal level in tranches.
According to a report by The Hindu, Ola Electric Mobility Ltd.’s founder and promoter Bhavish Aggarwal continued to pare his stake in the company on Thursday, selling 2.83 crore equity shares worth ₹90.3 crore at an average price of ₹31.9 per share. This was the third consecutive session of share sales by promoters. Ola Electric shares had closed at their all-time low of ₹31.26, down nearly 5%, while trading volume remained above average. Aggarwal had sold shares worth ₹142.3 crore on Wednesday and ₹91.87 crore on Tuesday. As of September 2025, the promoter group held a 36.78% stake in Ola Electric.
The company further stated that the stated objective of this process was to eliminate promoter-level leverage and remove any pledge-related risks, which could create unnecessary risk and volatility, especially for recently listed companies.
The company also clarified that the stake sale will have no impact on Ola Electric’s operations, governance framework, or strategic direction. The company said all actions were taken at the promoter’s personal level and will not affect the company’s balance sheet or business plans. With the promoter’s pledge fully extinguished, Ola Electric said its focus remains entirely on execution and building India’s first electric mobility and clean energy company to be competitive at a global level. The company said removing the pledge risk is expected to improve transparency and provide greater clarity to shareholders and the market going forward.