Archive · 19 Dec 2025
Ola Electric Shares Surge After Loan Repayment
The share price of Ola Electric, an electric vehicle company, went up by over 9% on December 19.
This happened because the company's founder, Bhavish Aggarwal, paid back a loan of ₹260 crore.
He did this by selling a small part of his personal shares in the company.
This sale also freed up 3.93% of shares that were previously pledged.
After this, the founder and his group still own 34.6% of the company.
The company said this sale doesn't change how they run the business or their future plans.
Even though the shares went up on this day, they are still much lower than they were a year ago.
Ola Electric's share price surged by over 9% on December 19.
The increase followed the repayment of a ₹260 crore promoter-level loan.
The loan was repaid through the sale of a portion of the founder's personal shares.
All 3.93% of previously pledged shares were released, eliminating all promoter pledges.
The promoter group still holds 34.6% of Ola Electric with no change in control or long-term commitment.
- Who
- Bhavish Aggarwal, founder of Ola Electric
- What
- Repayment of a promoter-level loan and release of pledged shares
- When
- December 19
- Where
- India (Ola Electric is based in Bengaluru)
- Why
- To repay a promoter-level loan of approximately ₹260 crore and release pledged shares
- Company
- Ola Electric
- Loan Amount
- ₹260 crore
- Shares Pledged
- 3.93%
- Promoter Holding Post-Transaction
- 34.6%
- Share Price Increase
- 9-10%
- Intraday High
- ₹34.38
- 52-Week High
- ₹99.95
- 52-Week Low
- ₹30.76
Sources
Ola Electric Promoter Sells Stake To Clear ₹260 Cr Loan
Ola Electric shares jump over 9% today: What’s driving the sudden surge?
Ola Electric share price jumps 10% as promoter pledges eliminated, repays ₹260 crore loan
Ola Electric hit upper circuit after Aggarwal completes stake sale; rebounds 12% from lows
