Block deal reduces promoter stake by 0.6%
Ola Electric Co-founder and CEO Bhavish Aggarwal has sold shares worth ₹91.89 crore in a block deal, reducing his stake in the company by 0.6%. According to National Stock Exchange bulk deal data, Aggarwal sold 2.63 crore shares at ₹34.99 apiece. The transaction comes amid a period of declining sales and market share for the electric two-wheeler manufacturer.
Loan repayment and pledge removal
Ola Electric stated that the share sale represents a one-time, limited monetisation of Aggarwal’s personal holdings to fully repay a ₹260 crore promoter-level loan. With the repayment, all previously pledged 3.93% shares will be released, removing what the company described as a critical overhang. Management said the move reflects a commitment to operate with zero promoter pledge risk.
Post-transaction shareholding structure
Aggarwal’s stake, which stood at 69.65% at the end of FY24, was reduced to 30% by the end of FY25, following significant dilution during the company’s IPO. After the latest transaction, his holding will be around 29.4%, while the promoter group will continue to own approximately 34% of Ola Electric. The company stressed that there is no change in promoter control or long-term outlook.
Market performance and business outlook
Ola Electric’s stock has declined sharply from its post-listing high of ₹102.5 to recent lows near ₹33, marking a fall of about 60% this year. The company’s market share has dropped from around 30% a year ago to roughly 7%, placing it fifth in the segment. While the automotive business turned EBITDA positive in Q2, Ola Electric has lowered its FY26 revenue guidance to ₹3,000–3,200 crore, citing weaker volumes.
