Bhavish Aggarwal Sells ₹324 Cr Ola Electric Shares to Clear Debt, Release Pledges

• Bhavish Aggarwal offloaded ₹324 crore worth of Ola Electric shares between December 16-18 via block deals on NSE.
• The sale, at an average of ₹33.63 per share (below IPO price of ₹76), aimed to repay a ₹260 crore promoter loan.
• This transaction eliminated 3.93% of previously pledged shares, bringing promoter pledges to zero.
• Ola Electric's stock has plummeted over 75% from its post-listing high, and market share dropped to 6.7% in Nov 2025.
• S&P Global Ratings downgraded ANI Technologies; analysts have mixed views on Ola Electric.

Why It Matters: Aggarwal offloaded Ola Electric shares to clear debt and pledges amid declining stock and market share.