Ola Electric Shares Hit Record Low; Bhavish Aggarwal Sells 1.5% Stake for Debt Repayment

• Bhavish Aggarwal sold 1.5% stake in Ola Electric over two days (Dec 16-17) for Rs 234.17 crore.
• The sale led to Ola Electric shares hitting a record low of Rs 32.80, falling 4.87% on December 17.
• Aggarwal stated the sale was to repay a Rs 260 crore promoter-level loan and free up pledged shares.
• Ola Electric's shares have fallen 79% from their all-time high of Rs 157.40, reducing valuation from Rs 69,000 crore to Rs 14,520 crore.
• Aggarwal clarified the transaction is personal and won't impact Ola Electric's operations or strategy.

Why It Matters: Bhavish Aggarwal sold 1.5% of Ola Electric to repay debt, causing shares to hit a record low.