Ola Electric shares rally 5% as Bhavish Aggarwal sells 2.6 cr shares via bulk deal to repay promoter loan, release pledge

Ola Electric shares surged after promoter Bhavish Aggarwal sold over 2.6 crore equity shares to repay a Rs 260 crore loan. This move released previously pledged shares, removing a critical overhang. Despite the recent stock pressure and business challenges, the promoter group maintains a significant stake.