The founder-promoter of Ola Electric has undertaken a one-time, limited monetisation of a small portion of his personal shareholding to fully repay a promoter-level loan amounting to ₹260 crore, the company said on Tuesday. The move will result in the release of all previously pledged shares, removing a key overhang related to promoter pledging.
Following the transaction, the promoter group will continue to hold approximately 34% stake in Ola Electric, one of the highest promoter holdings among new-age listed companies. The company clarified that there is no dilution of promoter control and no change in the founder’s long-term commitment to the business.
The step has been taken to eliminate all promoter share pledges, which are often viewed as a source of avoidable risk and potential volatility for listed companies. The founder has reiterated his conviction that Ola Electric should operate with zero pledge overhang and that all promoter-level leverage should be fully unwound.
The transaction is being executed entirely at the promoter’s personal level and will have no impact on Ola Electric’s operations, governance framework or strategic direction. The company said its focus remains firmly on building a globally competitive, India-first electric mobility and clean energy enterprise.
By removing promoter pledges, Ola Electric aims to strengthen investor confidence and reinforce its commitment to sound corporate governance practices as it continues to scale its electric mobility and clean energy ambitions.
