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Shares of EV maker Ola Electric surged nearly 10% to touch an intraday high of INR 34.40 on the BSE today after founder and CEO Bhavish Aggarwal completed his stake sale yesterday.
At 12:38 IST, the stock was up 9.97% at INR 34.40. The company’s market capitalisation stood at INR 15,173.25 Cr (about $1.7 Bn) at the time.
Yesterday, Aggarwal sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece, amounting to INR 90.3 Cr. Overall, he sold shares worth INR 324.6 Cr over three trading sessions.
The company, after yesterday’s share sale, said…
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