Ola Electric founder-promoter has undertaken a one-time monetisation of a small portion of his personal stake to fully repay a promoter-level loan amounting to INR 260 crore. This move has led to the release of all previously pledged 3.93% shares, removing a key overhang and strengthening investor confidence.
Following the transaction, the promoter group will continue to hold approximately 34% of Ola Electric, one of the highest promoter holdings among new-age listed companies. The action does not result in any dilution of promoter control or change in the company’s long-term strategic direction.
The initiative forms part of the founder’s commitment to ensuring Ola Electric operates with zero pledge overhang, a measure aimed at mitigating avoidable risk and market volatility associated with pledged shares. The transaction was executed entirely at the promoter’s personal level and has no impact on Ola Electric’s operations, governance, or strategic plans.
“This step reflects our conviction that Ola Electric should operate with zero pledge overhang and reinforces our long-term commitment to building a globally competitive, India-first electric mobility and clean energy company,” said , Founder & Promoter, Ola Electric.
Ola Electric continues to focus on accelerating the adoption of electric mobility in India while advancing clean energy initiatives, underpinned by financial discipline and operational excellence.
