The Economic Times News

Ola Electric shares in focus after clarification on promoter stake sale for debt repayment

Ola Electric shares: The company clarified that promoter Bhavish Aggarwals Rs 324 crore stake sale was a one-time move to repay debt. The proceeds were used to fully repay a Rs 260 crore promoter-level loan, including interest, and to release all pledged promoter shares.