Ola Electric Share Price Hits Fresh 52 Week Low Amid Stake Sale by Founder Bhavish Aggarwal

Ola Electric’s founder and promoter, Bhavish Aggarwal, sold an additional 4.2 crore shares through open market transactions, following previous stake sales. 

The moves come as the company struggles with declining demand, market share pressure, and sustained losses, causing shares to hit new lows. 

The promoter emphasised that these sales are personal and do not affect control or operations.

Promoter Stake Sales and Market Impact

The latest sale involved shares worth ₹142 crore, following a previous sale of 2.6 crore shares valued at ₹92 crore. 

Combined, nearly 6.8 crore shares were offloaded over two days. Following these transactions, the promoter group is expected to hold around 34% of the company’s equity.

Reason for the Stake Sale

Ola Electric stated that the stake sale is a one-time, limited monetisation by Bhavish Aggarwal to fully repay a personal loan of ₹260 crore. 

The company clarified that the sale will not dilute promoter control or affect operational governance, strategy, or long-term plans.

Share Price Movement

Ola Electric shares hit a fresh 52-week low of ₹32.67 on the NSE and closed at ₹32.90, down nearly 5%. The sales and market reaction reflect investor concerns over liquidity and stock volatility.

Business Challenges Facing Ola Electric

The company has been experiencing slowing demand and declining market share, slipping to fifth place in the electric two-wheeler segment in October. 

November sales fell below 10,000 units, reaching approximately 8,400. Financially, Ola Electric posted a consolidated net loss of ₹418 crore for the September quarter, with revenue declining 43% year-on-year to ₹756 crore.

Read More: Bhavish Aggarwal Increases Share Pledge in Ola Electric.

Conclusion

Bhavish Aggarwal’s stake sale, while personal and aimed at reducing pledged shares, comes at a challenging time for Ola Electric. The company continues to face operational and market pressures, with investors closely monitoring its performance and stock stability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.