Ola Electric Shares Soar 10% as Bhavish Aggarwal Repays ₹260 Cr Loan

• Ola Electric's shares surged 10% on December 19 after CEO Bhavish Aggarwal repaid a ₹260 crore personal loan.
• Aggarwal sold a portion of his personal stake to repay the loan, removing all promoter pledges on 3.93% of shares.
• The stock market reacted positively to the unpledging, leading to the significant share price jump.
• This move followed a 17% decline in shares over the previous three sessions due to Aggarwal's continuous stake sales.
• Despite the sale, the promoter group retains a 34.6% stake, and the action was a personal, time-bound one by Aggarwal.

Why It Matters: Bhavish Aggarwal's personal loan repayment and unpledging of shares boosted Ola Electric's stock by 10%.