Ola Electric Founder Adds Cash to Collateral as Shares Fall

The founder of Ola Electric, Bhavish Aggarwal, put in extra money to protect his loans because the company's stock price went down.

He had borrowed money using his shares as collateral.

The stock price dropped after the company's shares were listed.

This means his shares were worth less, so he added cash to secure the loans.

This happened due to a drop in sales and some questions about how the company is run.

The market share of Ola Electric has also declined.

Although, the amount of collateral is more than twice the borrowed amount.