Ola Electric's Founder Bhavish Aggarwal Pays ₹20 Crore to Top up Collateral as Shares Slide

Ola Electric's founder Bhavish Aggarwal pays ₹20 crore to top up collateral as shares slide

Ola founder Bhavish Aggarwal has pledged or encumbered about 8% of his 30% stake, according to exchange data. Avendus Group, InCred Alternative Investments Pvt. and Modulus Alternatives Investment Managers had lent him the money in exchange for bonds issued by Krutrim.

Ola Electric Shares Dip 7% As 3.2% Stake Changes Hands Via Block Deal; Time To Sell?

Shares of Ola Electric Mobility Ltd were under significant pressure in Tuesday's trading session, dropping as much as 7.04% ...

Ola Electric Mobility cracks 7% as shares worth Rs 731 crore exchanged in block deal, Hyundai Motor likely seller

Around 14.22 crore of Ola Electric Mobility shares, which amounts to 3.23 percent equity, exchanged hands at Rs 51.4 per share.

Ola Electric shares tumble over 6% today. Here's why

By 10:15 am, the stock was trading at Rs 50.52, down 5.9%, after reports of a large equity transaction rattled investors.

Hyundai and Kia Divest Stakes in Ola Electric Amid Mounting Challenges

Hyundai Motor has fully exited its investment in Ola Electric, while Kia has trimmed its stake, collectively raising approximately ₹6.89 billion ($80 million), according to exchange filings accessed by Reuters. Hyundai, which held a 2.47% stake, sold its shares at ₹50.70 each, while Kia offloaded 0.6% at ₹50.55 per share. The move triggered an 8% decline in Ola Electric’s share price, already under pressure since its IPO in August 2024, which ha…

Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump

South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.