New Delhi, Nov. 11 -- New Delhi: Bhavish Aggarwal, chairman and managing director of Ola Electric Mobility Ltd, pledged an additional 2% of his stake in the listed company during the September quarter to raise loans for an unnamed group company. This is the third time Aggarwal has pledged his Ola Electric shares since the company went public in August 2024.

based Ola Electric's shareholding pattern and disclosures to the exchanges showed that Aggarwal put up the additional stake as collateral for a loan from Aditya Birla Capital Ltd. The company did not disclose the size of the loan or the group company it was meant for. With this, just over a tenth of Aggarwal's 30.02% stake in Ola Electric has been pledged.

Pledging shares-using them ...