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MarketsBhavish Aggarwal Sells Ola Electric Shares Worth Rs 92 Crore, At Less Than Half The Listing Price
Bhavish Aggarwal, the chairman and managing director of Ola Electric Mobility, sold 2.6 crore equity shares at Rs 34.99 apiece.
16 Dec 2025, 07:38 PM IST i 16 Dec 2025, 07:22 PM IST 16 Dec 2025, 07:38 PM IST
File image of Bhavish Aggarwal (Photo: NDTV Profit)
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Ola Electric Mobility Ltd. founder and promoter Bhavish Aggarwal sold shares worth Rs 92 crore via open market transactions on Tuesday.
Aggarwal, the chairman and managing director of the electric two-wheeler maker, sold 2.6 crore equity shares at Rs 34.99 apiece, as per bulk deal data on the National Stock Exchange.
He held 30.02% stake as of September. Of this, 10.11% is pledged as a collateral and 66.63% locked in, as per BSE shareholding data.
Ola Electric Mobility share price ended 8.5% lower at Rs 34.48 apiece, compared to a 0.6% decline in the benchmark Nifty 50. The stock is down 60% year-to-date and recently hit an all-time low of Rs 33.2.
The total traded value was Rs 254 crore with a delivery ratio of 51%.
Out of eight analysts tracking the company, three maintain a 'buy' rating, one recommends a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target of Rs 45.88 implies an upside of 33%.
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