Bhavish Aggarwal, founder and co-founder of Ola Electric Mobility Ltd, sold a portion of his personal shares in the company via a bulk deal on December 16, 2025. This sale was a personal decision by the founder to repay a ₹260 crore promoter level loan, and it did not involve any corporate dilution or direct participation of Ola Electric.
Details of the Bulk Sale
- Shares Sold: ~2.6 crore shares
- Equity Percentage: ~0.6% of Ola Electric’s paid up capital
- Average Price per Share: ₹34.99
- Total Value: ~₹92 crore
Before the sale, Aggarwal’s promoter stake stood at 30.02%, and after the transaction, the promoter group continues to hold around 34%, which remains one of the highest promoter stakes among new-age listed companies.
The sale also eliminates previously pledged shares (~3.93%), removing a key overhang that had been a point of concern for investors. The company clarified that promoter control remains unaffected and the founder’s long-term commitment to Ola Electric is unchanged.
Context of the Transaction
The share sale comes at a time when Ola Electric’s financial performance has been under pressure. In Q2 FY26 (September quarter), the company reported net sales of ₹690 crore, marking a 43% decline compared to the same quarter last year.
Market analysts also note that Ola Electric has been losing market share to competitors, with year-on-year sales in November dropping 71%, highlighting challenges in its operations despite the founder’s continued commitment.
Purpose of the Sale
Ola Electric emphasized that the transaction was a one-time personal monetisation to fully repay the ₹260-crore promoter loan. This action helps clear pledged shares and strengthen governance confidence, while not impacting the company’s operations or strategic plans.
| Aspect | Details |
|---|---|
| Shares Sold | ~2.6 crore (~0.6% of equity) |
| Transaction Value | ₹92 crore |
| Purpose | Repay ₹260 crore promoter level loan |
| Promoter Holding Post-Sale | ~34% (remains strong) |
| Impact on Control | No change, governance unaffected |
| Financial Context | Q2 FY26 sales ₹690 crore, -43% YoY; November sales down 71% YoY |