Tech
Bhavish Aggarwal sells 2% of his Ola Electric holding for Rs 92 Cr
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Ola Electric founder and CEO Bhavish Aggarwal has sold a small portion of his stake in the company through a bulk deal on the stock exchange.
According to exchange disclosures, Aggarwal sold 2,62,56,748 shares, representing around 2% of his existing shareholding, at a price of Rs 34.99 per share. The transaction was valued at nearly Rs 92 crore.
Aggarwal had also pledged an additional portion of his shares this month. Exchange filings show that a 3.04% stake was pledged on December 5, aggregating his total pledged shareholding to 13.3% prior to the…
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