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Ola Electric shares fall for third day after founder Bhavish Aggarwal sells more shares on WednesdayCompany sources have told CNBC-TV18 that the sales were planned in tranches and not in a single block. They went on to add that the second tranche was completed on Wednesday, and the balance will be completed in due course.By Hormaz Fatakia   December 18, 2025, 9:24:22 AM IST (Updated)2 Min ReadShares of Ola Electric Mobility Ltd. fell another 2% on Thursday, December 18, after founder Bhavish Aggarwal sold an additional 4.2 crore shares of the company in the open market on Wednesday.

This comes just a day after he had sold 2.6 crore shares on Tuesday. The company in a statement then had mentioned that the sale was being executed to fully repay a loan worth ₹260 crore and remove the overhang of pledged shares by the promoter.

The two transactions carried out so far, are valued at ₹234 crore.

Company sources have told CNBC-TV18 that the sales were planned in tranches and not in a single block. They went on to add that the second tranche was completed on Wednesday, and the balance will be completed in due course.

Bhavish Aggarwal had a 30.02% stake in the company at the end of the September quarter.

At the end of the September 2024 quarter, Ola Electric Mobility had a total of 14.1 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, who had a 8% stake in the company. At the end of the September 2025 quarter, there were a total of 19 lakh retail shareholders, who own a 17.3% stake in Ola Electric.

Shares of Ola Electric Mobility ended 5% lower on Wednesday at ₹32.8, marking a new low for the stock. The stock has corrected nearly 80% from its post-listing high of ₹157, and is down over 55% from its IPO price of ₹76.Continue ReadingFirst Published: Dec 18, 2025 5:07 AM ISTTagsBhavish AggarwalOla ElectricOla Electric Mobilitypledged sharesshare market today