Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session

Ola Electric founder and CEO Bhavish Aggarwal on Wednesday sold 4,19,03,706 shares worth around 0.95% of the company’s equity, through a bulk deal on the exchanges. The shares were offloaded at Rs 33.96 apiece, taking the transaction value to nearly Rs 142 crore, according to stock exchange disclosures.

This marks the second consecutive trading session in which Aggarwal has reduced his shareholding in the electric two-wheeler maker. Cumulatively, his total share sales have reached Rs 234 crore, with Rs 92 crore worth of shares being offloaded in the previous session alone.

Following the bulk deal executed yesterday, Ola Electric said the founder has undertaken a one-time and limited monetisation of a small portion of his personal shareholding to fully repay a promoter-level loan of Rs 260 crore. The company added that this would result in the release of all previously pledged 3.93% shares.

The company clarified that the transaction is being carried out entirely at the promoter’s personal level and will have no impact on Ola Electric’s operations, governance, or strategic direction.

However, the company’s stock hit an all time low on Wednesday. At the close of the session, Ola Electric’s shares ended at Rs 32.80 apiece, valuing the company at a market capitalisation of Rs 14,467 crore, or about $1.6 billion.

Ola slipped to fourth position in terms of 2W EV Sales for November with its market share shrinking to 7.19%. The company also registered a harsh 50% month-on-month drop in November, with registrations plunging to 8,254 units from 16,013 in October.

For the second quarter of the ongoing fiscal year FY26, Ola Electric’s revenue fell 46% to Rs 660 crore, while losses widened to Rs 418 crore.