{"id":"f-e550251d2f-500d8f17-2a67-5492-be82-c11078382451","title":"Ola Electric Mobility shares rise 10% after management says promoter stake sale concludes","description":"Ola Electric confirmed that the promoter has completed a one time, limited monetisation of a small portion of his personal shareholding.","timestamp":1766122923,"category":"business","headline":"Ola Electric Mobility shares rise 10% after management says promoter stake sale concludes","modifiedHeadline":"Ola Electric Shares Jump After Stake Sale","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"Ola Electric shares rose after founder Bhavish Aggarwal diluted his stake for the third day, selling 9.62 crore shares to repay a ₹260 crore loan and eliminate pledged shares. Despite this, the promoter group retains a 34.6% stake, with no impact on company strategy.","summary":"Ola Electric shares surge 10% following news of promoter's stake sale completion, sparking investor excitement and market optimism.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-500d8f17-2a67-5492-be82-c11078382451","sourceUrl":"https://www.cnbctv18.com/market/ola-electric-share-price-down-16-percent-in-three-sessions-promoter-bhavish-aggarwal-sells-further-stake-19796149.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/h6_WPr5v2kI0.webp","content":"Shares of Ola Electric Mobility Ltd. shares gained as much as 10% Friday, December 19, after founder Bhavish Aggarwal continued to dilute his stake for a third consecutive session. Aggarwal sold shares through block deals on the NSE between December 16 and December 18.\n\n
\n
\n On December 18, Aggarwal sold 2.83 crore shares at an average price of ₹31.90 per share. This marked the third straight day of selling, following stake sales worth ₹234 crore across the first two tranches.\n
\n
\n Earlier, on December 16, he had sold 2.60 crore shares at an average price of ₹34.99 per share, while on December 17, he offloaded 4.19 crore shares at an average price of ₹33.96 per share.\n
\n
\n In total, Aggarwal sold 9.62 crore shares at an average price of ₹33.63 per share, well below Ola Electric's IPO price of ₹76. The three day sale represented 2.2% equity and raised ₹324 crore.\n\n
\n
\n Ola Electric confirmed that the promoter has completed a one time, limited monetisation of a small portion of his personal shareholding. The transaction was undertaken solely to fully repay a promoter level loan of approximately ₹260 crore and to release all 3.93% of shares that were previously pledged, thereby eliminating all promoter pledges.\n
\n
\n Following the transaction, the promoter group continues to hold a 34.6% stake in Ola Electric, with no dilution of promoter control or any change in long term commitment.\n\n
\n
\n The company said this was a planned, time bound exercise carried out entirely at the promoter's personal level and has no impact on Ola Electric's performance, operations, or strategic direction.\n
\n
Ola Electric's early post IPO momentum\n has weakened amid aggressive electric vehicle launches by legacy two wheeler manufacturers. The company's market share fell to 6.7% in November 2025 from about 25% at the beginning of the year, pushing it down to fourth position in the segment.\n
\n
\n As of September 2025, Bhavish Aggarwal held a 30.02% stake in Ola Electric, with 10.1% of his holding pledged, equivalent to 3.04% of the company's total equity. Following the recent stake sale, total promoter holding has declined to 34.6% from 36.78% earlier. Another promoter entity, ANI Technologies Pvt Ltd, held a 3.64% stake in the company.\n\n
\n
\n Of the eight analysts that have coverage on Ola Electric, four have a 'Sell' rating on the stock, three recommend 'Buy', and one has a 'Hold' call.\n
\n
\n Shares of Ola Electric are trading 10% higher on Friday at ₹34.38. The stock is down over 55% from its IPO price of ₹76, and down nearly 80% from its post-listing high of ₹157.","readDurationInMinutes":"5","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Aggarwal sold 9.62cr Ola shares for ₹324cr; stake down, loan repaid.","Promoter group holds 34.6%, no control dilution, pledges cleared.","Ola shares up 10%, but still down from IPO and high prices."],"tags":["OlaElectric","BhavishAggarwal","StakeSale","IPO","SharePrice","EquityDilution","PromoterLoan","ANI","Technologies","ElectricVehicles","NSE","StockMarket","Investment","MarketShare","EVIndustry"],"consent":true,"redirectionEnabled":false}

Ola Electric Mobility shares rise 10% after management says promoter stake sale concludes

SUMMARY