Bhavish Aggarwal Sells 0.6% Ola Electric Stake for ₹92 Cr to Clear Loan

• Bhavish Aggarwal sold 0.6% stake (2.6 crore shares) in Ola Electric Mobility Ltd for ₹92 crore on December 16.
• The sale, at ₹34.99 per share, aims to repay a ₹260 crore promoter-level loan.
• This transaction will release all previously pledged 3.93% shares, removing a "critical overhang."
• Promoter group retains approximately 34% stake; no dilution of control or impact on company operations.
• Ola Electric shares closed down 8.51% on BSE following the bulk deal.

Why It Matters: Aggarwal's stake sale clears promoter loan and pledges, ensuring no impact on Ola Electric's future.