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Ola Electric stock hits fresh low amid Bhavish Aggarwal’s third straight stake sale

EntrackrEntrackr · 21d ago
Ola Electric stock hits fresh low amid Bhavish Aggarwal’s third straight stake sale
Medial

Ola Electric stock hits fresh low amid Bhavish Aggarwal’s third straight stake sale Bhavish Aggarwal has offloaded shares for the third straight trading session, selling 2.83 crore equity shares at an average price of Rs 31.9 per share, amounting to Rs 90.28 crore, according to exchange disclosures. The latest transaction comes even as Ola Electric’s stock slid to a fresh 52-week low during the day, intensifying investor concerns around sustained promoter selling. With this tranche, Aggarwal has now sold over 9.6 crore shares in three consecutive sessions, taking the total value of stake sales this week to nearly Rs 325 crore. Earlier, he had sold shares worth Rs 92 crore on December 16, followed by a larger Rs 142 crore divestment on December 17. Ola Electric has previously clarified that the stake sales are part of a one-time monetisation exercise aimed at repaying a Rs 260-crore promoter-level loan and fully unwinding pledged shares, and do not signal any dilution of promoter control or long-term commitment to the company. The company had indicated that proceeds from the earlier tranches were being used to clean up the promoter’s personal balance sheet and remove a pledge overhang. However, the continued selling, particularly at a time when the stock is trading near record lows, has kept the counter under pressure. Ola Electric’s shares have now fallen sharply from their post-listing levels, reflecting a combination of promoter stake sales, weak market sentiment, and ongoing concerns around EV demand, competitive intensity, and execution challenges in the two-wheeler segment. Ola slipped to fourth position in terms of 2W EV Sales for November with its market share shrinking to 7.19%. The company also registered a harsh 50% month-on-month drop in November, with registrations plunging to 8,254 units from 16,013 in October. For the second quarter of the ongoing fiscal year FY26, Ola Electric’s revenue fell 46% to Rs 660 crore, while losses widened to Rs 418 crore.

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SoftBank sells 2.15% stake in Ola Electric via open market

EntrackrEntrackr · 9h ago
SoftBank sells 2.15% stake in Ola Electric via open market
Medial

SoftBank, through its investment vehicle SVF II Ostrich (DE) LLC, has offloaded a 2.15% stake in Ola Electric Mobility Ltd through a series of open-market transactions, according to regulatory filings with stock exchanges. As per the disclosure, SVF II Ostrich sold nearly 9.5 crore equity shares of Ola Electric between September 3, 2025, and January 5, 2026. The transaction triggered mandatory disclosure after the cumulative sale breached the 2% threshold prescribed under takeover norms. Prior to the sale, SVF II Ostrich held 69.16 crore shares, a 15.68% stake in Ola Electric’s total equity share capital. Following the divestment, its shareholding has declined to 59.7 crore shares, a reduced stake of 13.53% in the electric vehicle maker. Last year, SoftBank carried out a similar share sale between July and September 2025, offloading around 9.5 crore shares, which reduced its stake from 17.83% to 15.68%. Ola Electric is facing a tough phase as its stock continues to trade near record lows amid weak market sentiment. The pressure has been compounded by stake sales from investors and a partial share sale by founder and CEO Bhavish Aggarwal, both of which have added to concerns around confidence and near-term prospects for the EV maker. In terms of EV sales for December, Ola’s sales remained largely flat at 8,402 units. Its market share rose by 2% to 9.03%, placing the company fifth in standing. While its rival, Ather Energy, sold 16,391 units with a market share of 17.62% last month.

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