Ola Electric Stock Drops as CEO Bhavish Aggarwal Sells 2.6 Crore Shares to Clear Rs 260 Crore Loan

Dec 17, 2025 02:33 pm CST

Ola Electric Mobility shares neared their 52-week low after founder Bhavish Aggarwal sold 2.6 crore shares to repay a Rs 260 crore promoter-level loan. Despite the 19% monthly decline, the promoter group retains a 34% stake, among the highest for newly listed companies, with the company emphasizing no changes to operations or long-term strategy.