Ola Electric shares tumble after promoter stake sale

Business Dec 18, 2025

Ola Electric's stock just hit a fresh 52-week low, dropping nearly 5% to ₹31.54 after founder Bhavish Aggarwal sold over 6.8 crore shares worth ₹234 crore in two days.

Why does this matter?

Aggarwal sold the shares to pay off a personal loan, which lowered the promoters' stake from 36.78% to 34%.
The back-to-back sales unsettled investors and added pressure to Ola Electric's stock, especially with EV market sentiment already shaky.

What's behind the drop?

The company says these sales don't affect its day-to-day business, but the timing spooked investors.
With more shares suddenly available and overall EV sector uncertainty, Ola Electric's stock took a bigger hit.