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Shares of Ola Electric Mobility Ltd traded in the green in early deals on Friday, December 19, after the company confirmed the completion of a one-time monetisation of a portion of the founder’s personal shareholding to fully repay a promoter-level loan of around Rs 260 crore.

The stock jumped as much as 10 per cent to Rs 34.40 on the BSE in opening trade.

Ola Electric's shares are rising because the founder's recent stake sales were part of a planned, one-time exercise to fully repay a personal loan of approximately Rs 260 crore and release all pledged shares, which removes a significant market "overhang" or risk factor for investors. The completion of this transaction has eased a key concern that had previously weighed on the stock price, causing it to drop to record lows earlier in the week.

In a regulatory statement, the Bengaluru-based electric vehicle maker said the transaction has resulted in the release of all 3.93 per cent shares that were earlier pledged, bringing the promoter’s pledge in the company to zero.

The disclosure comes amid continued promoter stake sales. Bhavish Aggarwal, founder and promoter of Ola Electric Mobility, sold 2.83 crore equity shares worth about Rs 90.3 crore on Thursday at an average price of Rs 31.9 per share.

This marked the third straight session of promoter selling. Ola Electric shares had closed at an all-time low of Rs 31.26 on Thursday, down nearly 5 per cent, with trading volumes higher than the recent average.

Aggarwal had earlier sold shares worth Rs 142.3 crore on Wednesday and Rs 91.87 crore on Tuesday. As of September 2025, the promoter group held a 36.78 per cent stake in the company.

Aggarwal had previously pledged a portion of his shareholding to secure a Rs 260-crore loan at the promoter level. The recent share sales enabled the full repayment of the loan and the release of all pledged shares.

Ola Electric stressed that the exercise was planned and time-bound, and executed entirely at the promoter’s personal level. The company said the transaction has no impact on its performance, operations or strategic direction.

The company said the stake sale does not involve any dilution of promoter control and does not reflect any change in the founder’s long-term conviction in the business.

According to Ola Electric, the objective was to eliminate promoter-level leverage and remove any pledge-related overhang, which can create avoidable risk and volatility, especially for recently listed companies.

The company also clarified that the transaction has no impact on its operations, governance framework or business plans, as all actions were undertaken at the promoter’s personal level.

With the promoter pledge now fully unwound, Ola Electric said it remains focused on execution and on building a globally competitive, India-first electric mobility and clean energy company.