Highlights
Ola Electric has recently seen developments concerning its founder and CEO, Bhavish Aggarwal. The CEO has sold 4,19,03,706 shares, which represents roughly 0.95% of the company’s equity, through a substantial transaction in the stock market. The shares were sold at a price of Rs 33.96 each, culminating in a total value of approximately Rs 142 crore, based on disclosures from the stock exchange.
Recent Selling Activity by Bhavish Aggarwal
This transaction marks the second consecutive trading day during which Aggarwal has decreased his stake in the electric two-wheeler manufacturer. In total, his share sales have amounted to Rs 234 crore, with Rs 92 crore from the previous trading session alone.
Following the bulk sale completed yesterday, Ola Electric noted that the founder has executed a one-time, limited monetisation of a minor segment of his personal shareholding to fully clear a promoter-level loan of Rs 260 crore. This action is anticipated to release all previously pledged shares, accounting for 3.93% of the company.
Impact on Ola Electric
Ola Electric has emphasised that this transaction is being conducted exclusively at the promoter’s personal level, ensuring no effects on the company’s operations, governance, or strategic direction.
Stock Performance and Market Position
Despite these developments, the company’s stock reached an all-time low on Wednesday. By the end of the trading session, Ola Electric’s shares were valued at Rs 32.80 each, giving the company a market capitalisation of Rs 14,467 crore, or around $1.6 billion.
Furthermore, Ola Electric has fallen to fourth place in terms of two-wheeler electric vehicle sales for November, with its market share decreasing to 7.19%. The company experienced a severe month-on-month decline of 50%, with unit registrations plummeting to 8,254 from 16,013 in October.
Financial Results Overview
In the second quarter of the current fiscal year FY26, Ola Electric reported a significant revenue decline of 46%, bringing the total to Rs 660 crore, while losses widened to Rs 418 crore.
