Tech
Ola Electric’s Bhavish Aggarwal completes Rs 324 crore share sale; stock hits record low
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Ola Electric founder and promoter Bhavish Aggarwal sold shares worth Rs 90.2 crore on December 18 in a third consecutive session, taking the total share sale over the past three days to 9.6 crore shares valued at Rs 324 crore.
The company had said on Tuesday that Aggarwal plans to offload a portion of his stake in the company to repay a promoter-level loan of Rs 260 crore.
In a statement issued on December 18, the Bengaluru-based company informed the exchanges that the “one-time, limited monetisation” of a portion of Aggarwal’s personal…
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