Ola Electric Shares Soar 10% as CEO Aggarwal Repays Rs 260 Cr Loan, Clears Pledges

• Ola Electric shares jumped nearly 10% on December 19 after CEO Bhavish Aggarwal completed a stake sale.
• Aggarwal sold a portion of his personal shareholding to repay a Rs 260 crore promoter-level loan.
• The transaction eliminated all promoter pledges, releasing 3.93% of previously pledged shares.
• The company stated the sale has no impact on its performance, operations, or strategic direction.
• Aggarwal's promoter group continues to hold 34.6% in Ola Electric, maintaining control.

Why It Matters: Ola Electric shares jumped as CEO Bhavish Aggarwal repaid a Rs 260 crore loan by selling a stake, removing all promoter pledges.