Ola Electric Shares Jump Over 7.5% as Promoter Clears Pledge, Completes Stake Monetisation
Ola Electric shares jumped over 7.5% after founder Bhavish Aggarwal completed stake monetisation and cleared all pledged shares, easing investor concerns.
Ola Electric stock surges as promoter Bhavish Aggarwal removes pledge overhang after repaying ₹260 crore loan.
On December 19, during the early trading, the shares of Ola Electric Mobility went up more than 7.5 percent as the company declared that the founder and promoter Bhavish Aggarwal has done a one-time monetisation of his personal stake and has also obviated all the pledged shares.
The share price went up by 7.64 percent to ₹33.65 on the NSE where the company’s positive reaction to the elimination of an important overhang that had been a disincentive to the investors in the past few weeks was seen.
Promoter pledge eliminated
The company, which is based in Bengaluru and makes electric vehicles, announced that the transaction led to the release of the entire 3.93 percent stake that was previously pledged thereby reducing the promoter pledging in the company to nil. The monetisation was done to pay off a promoter-level loan of around ₹260 crore and was done through a planned time-bound execution across several tranches.
On Thursday, Aggarwal disposed of 2.83 crore equity shares amounting to ₹90.3 crore at an average price of ₹31.9 per share. After this was the sale of ₹142.3 crore of the stake on Wednesday and ₹91.87 crore on Tuesday, which signifies three consecutive sessions of promoter selling. The promoter group held a 36.78 percent stake in Ola Electric as of the end of September 2025.
Why the shares were sold
The company made it clear that the sale of shares was solely based on financial and strategic reasons and not with the purpose of reducing promoter control or quitting the business. A part of Aggarwal's shareholding was previously pledged to obtain a loan of ₹260 crore and the recent divestments allowed him to completely repay that debt.
Generally, investors consider performance of pledged shares as a risk, particularly in times of declining stock prices since lenders might enforce pledges and cause sale under pressure. The complete removal of pledged shares is therefore seen as a positive step that reduces governance and volatility risks.
Ola Electric said that following the transaction, the promoter group continues to hold over 34.5 percent stake, among the highest promoter ownership levels in India’s new-age listed companies.
Mixed market sentiment
No matter the sudden rise on Friday, Ola Electric's share price has still been facing pressure in the last few days, dropping to all-time and 52-week lows because of promoter selling and poor investor sentiment. The early pullouts by big investors like SoftBank and some auto partners had already amplified the worries.
Even though the firm has not changed its operations, governance structure and long-term strategy, the market has not changed its stance of vigilance, weighing in short-term challenges like the slow picking up of EV demand, intensifying competition, and the risk of not being able to deliver on time.
Company’s clarification
Ola Electric reiterated that the entire exercise was conducted at the promoter’s personal level and has no impact on the company’s balance sheet, operations or business plans. The objective, it said, was to eliminate promoter-level leverage and remove pledge-related uncertainty.
With the pledge overhang now fully unwound, the company said it will remain focused on execution and on building a globally competitive, India-first electric mobility and clean energy business, adding that the move should improve transparency and provide greater clarity to shareholders going forward.
