NEW DELHI, Dec. 10 -- Ola Electric Mobility founder and chairman Bhavish Aggarwal has pledged an additional 3% of his stake in the listed electric two-wheeler company to top up collateral against loans taken, as the stock continues to slide. Shares hit an all-time low of Rs.33.20 per share on 9 December.

According to shareholding data reviewed by Mint, Aggarwal created two more pledges in December, bringing the total pledged portion to 13%. Aggarwal holds 30.02% in Ola Electric.

The total value of pledged shares is about Rs.600 crore against the Ola Electric's total market capitalization of Rs.15,280 crore.

Aggarwal has pledged the shares to Aditya Birla Capital Ltd and Axis Trustee Services Ltd, the same lenders he had previously appr...