Ola Electric Stock Crashes 65% as Founder Sells 2.6 Cr Shares in Block Deal

• Ola Electric founder Bhavish Aggarwal sold 2.6 crore shares in a bulk deal.
• The company's stock has plummeted by approximately 65% over the past year.
• This significant share sale comes amidst weak sales performance.
• Reduced revenue guidance also contributed to the stock's decline.
• Continuously falling share prices preceded the block deal.

Why It Matters: Ola Electric's stock crashed 65% in a year, with founder Bhavish Aggarwal selling 2.6 crore shares.