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Ola Electric promoter pledges 2.43% stake to secure debt for Krutrim


Ola Electric’s promoter has pledged 10.71 crore shares, or 2.43% of the company’s equity capital, to raise funds for Krutrim Data Centre, according to a stock exchange filing. The pledged shares account for 8.09% of the promoter’s holdings in the EV maker.

The pledge, created in favour of Axis Trustee Services on behalf of Avendus, InCred and India Credit Opportunities funds, replaces an earlier non-disposal undertaking (NDU) disclosed in December 2024 and March 2025.

Ola said the NDU over these shares will be released once the pledge process is…



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