Mumbai, Dec. 18 -- Aggarwal sold the shares in two tranches. On December 16, he offloaded 2.62 crore shares, or about 0.6% equity, at an average price of Rs 34.99 per share, raising around Rs 92 crore. This was followed by the sale of 4.19 crore shares on December 17 at an average price of Rs 33.96 per share, fetching about Rs 142.3 crore. In total, the transactions accounted for over 1.5% of Ola Electric's equity.

The stock hit a record low of Rs 31.11 today. At current levels, Ola Electric shares are down 68.63% from their 52-week high of Rs 99.90 touched on 26 December 2024.

In a statement, Ola Electric said the sale was a one-time and limited monetisation by the founder at a personal level to fully repay a promoter-level loan of Rs ...