Bhavish Aggarwal Sells Ola Electric Stake Amid Share Slump, Repays Loan

• Bhavish Aggarwal sold 2.6 crore Ola Electric shares to repay a Rs 260 crore personal loan for his AI venture, Krutrim AI.
• The sale occurred as Ola Electric shares hit an all-time low of Rs 35, down over 50% from its issue price and 60% year-to-date.
• Analysts attribute the share slump to weak fundamentals, poor operational performance, and declining market share (45% to 18%).
• The divestment mitigated risks of margin calls on previously pledged shares, unencumbering approximately 3.93% of the company's equity.
• Ola Electric clarified it was a personal monetization; the promoter group retains 34% ownership, ensuring no change in control.

Why It Matters: Aggarwal's share sale repays a loan and mitigates risk, but Ola Electric's core business faces challenges.