India's Ola Electric extends falls as CEO sells shares worth 2.3 billion rupees

Ola Electric Mobility

18/12/2025 05:25

** Shares of Ola Electric OLAE.NS extend drop by as much as 4.5% to 31.42 rupees, down nearly 16% in three days

** Electric two-wheeler manufacturer's chief executive officer Bhavish Aggarwal sold another 4.2 million shares worth 1.42 billion rupees ($15.71 million) on Wednesday

** On Tuesday, he had sold 2.6 million shares worth 91 million rupees via a bulk deal

** The two sales amount to nearly 2.33 billion rupees worth  shares being offloaded

** Ola on Tuesday said that the transaction was a one-time, limited monetisation by the founder at a personal level to fully repay a promoter-level loan of 2.6 billion rupees

** After completion, the promoter group would continue to hold approximately 34% and there will be no dilution of promoter control or change - Ola

** YTD, OLAE down ~63%

($1 = 90.4125 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))