Bhavish Aggarwal Sells Ola Electric Stake at 50% Discount to IPO Price

• Bhavish Aggarwal sold 0.6% (2.6 crore shares) in Ola Electric for ₹34.99 per share, a 50%+ discount to its ₹76 IPO price.
• The sale aims to repay ₹260 crore promoter-level debt, releasing all previously pledged shares (3.93%).
• Ola Electric's stock has plummeted, losing over 75% from its high and 60% in 2025, now trading below IPO price.
• The company's market share in electric two-wheelers dropped from ~25% to 6.7% by November 2025, falling to fourth position.
• S&P Global downgraded promoter entity ANI Technologies, warning of a covenant breach by March 2026.

Why It Matters: Aggarwal offloads Ola Electric shares at a deep discount amid stock crash and market share decline.