{"id":"f-e550251d2f-75a15f2f-91fa-58d8-90af-8cb54f681109","title":"Ola Electric shares fall for third day after founder Bhavish Aggarwal sells more shares on Wednesday","description":"Company sources have told CNBC-TV18 that the sales were planned in tranches and not in a single block. They went on to add that the second tranche was completed on Wednesday, and the balance will be completed in due course.","timestamp":1766033439,"category":"business","headline":"Ola Electric shares fall for third day after founder Bhavish Aggarwal sells more shares on Wednesday","modifiedHeadline":"Ola Electric Shares Drop After Aggarwal Sells","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"Ola Electric shares fell further after founder Bhavish Aggarwal sold 4.2 crore shares, following a previous sale of 2.6 crore shares. The sales aim to repay a ₹260 crore loan and remove pledged shares. The stock has fallen significantly from its listing high.","summary":"Ola Electric's shares slump for the third day following founder Bhavish Aggarwal's share sale. More sales are planned in tranches.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-75a15f2f-91fa-58d8-90af-8cb54f681109","sourceUrl":"https://www.cnbctv18.com/market/ola-electric-mobility-share-price-bhavish-aggarwal-sells-more-stake-tranches-value-fall-from-highs-returns-in-2025-19794666.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/NRuNKbZrO8k0.webp","content":"Shares of Ola Electric Mobility Ltd. fell another 2% on Thursday, December 18, after founder Bhavish Aggarwal sold an additional 4.2 crore shares of the company in the open market on Wednesday.\n\n
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\n This comes just a day after he had sold 2.6 crore shares on Tuesday. The company in a statement then had mentioned that the sale was being executed to fully repay a loan worth ₹260 crore and remove the overhang of pledged shares by the promoter.\n
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\n The two transactions carried out so far, are valued at ₹234 crore.\n
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\n Company sources have told CNBC-TV18 that the sales were planned in tranches and not in a single block. They went on to add that the second tranche was completed on Wednesday, and the balance will be completed in due course.\n\n
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\n Bhavish Aggarwal had a 30.02% stake in the company at the end of the September quarter.\n
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At the end of the September 2024 quarter, Ola Electric Mobility had a total of 14.1 lakh small retail shareholders\n, or those with authorised share capital of up to ₹2 lakh, who had a 8% stake in the company. At the end of the September 2025 quarter, there were a total of 19 lakh retail shareholders, who own a 17.3% stake in Ola Electric.\n
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\n Shares of Ola Electric Mobility ended 5% lower on Wednesday at ₹32.8, marking a new low for the stock. The stock has corrected nearly 80% from its post-listing high of ₹157, and is down over 55% from its IPO price of ₹76.\n","readDurationInMinutes":"3","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":["Ola Electric shares fell 2% after Bhavish Aggarwal sold 4.2 cr shares.","Aggarwal sold shares to repay ₹260 cr loan; transactions valued at ₹234 cr.","Ola Electric shares hit new low, down 80% from post-listing high of ₹157."],"tags":["OlaElectric","BhavishAggarwal","ShareSale","StockMarket","CNBCTV18","OlaElectricMobility","RetailShareholders","IPO","StockDecline","OpenMarket","LoanRepayment","PledgedShares"],"consent":true,"redirectionEnabled":false}

Ola Electric shares fall for third day after founder Bhavish Aggarwal sells more shares on Wednesday

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