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In mid-December 2025, Bhavish Aggarwal, the founder and CEO of Ola Electric, sold a portion of his shares to settle a personal financial obligation. The news has been significant for the stock market, as it coincided with the shares hitting a new record low. Here are the key details of the transaction: The Details of the Sale Total Shares Sold: Approximately 6.8 crore shares (around 1.5\% of the company) were offloaded over two days (December 16 and 17, 2025). Transaction Value: The combined sale was worth roughly ₹234 crore. Current Holding: Following the sale, the promoter group still holds approximately 34% of Ola Electric, which the company noted remains one of the highest promoter stakes among newly listed Indian tech firms. Why did he sell? The company issued a statement clarifying that this was a "one-time, limited monetisation" at a personal level. Loan Repayment: The primary goal was to fully repay a ₹260 crore promoter-level loan. Removing "Pledge Overhang": By repaying this loan, Aggarwal released all previously pledged shares (about 3.93\% of the company's equity). In the stock market, "pledged shares" are often seen as a risk because if the stock price falls too low, lenders can force a sale. Funding Krutrim: Reports indicate the original loans were used to seed-fund his AI venture, Krutrim. #OlaElectric #bhavishaggarwal #olagen3 #Olaipo #Olasellsshare #bhavishaggarwalipo Market Impact Despite the company’s reassurance that the sale does not signal a lack of confidence, the stock market reacted negatively: Stock Price: Shares of Ola Electric tumbled to an all-time low of approximately ₹31–₹32 following the announcement. Investor Sentiment: The stock has faced a tough year, trading significantly below its IPO issue price of ₹76 due to shrinking market share and service quality concerns.