Bhavish Aggarwal Pledges 4.32% Ola Electric Stake For Krutrim NCDs

12 Oct 2026, 10:05 am · 4h ago · 1 min read · Inc42

Ola Electric founder Bhavish Aggarwal has pledged 20 crore shares, representing a 4.32% stake in the EV company, to back non-convertible debentures issued by his AI infrastructure venture Krutrim Data Centre. CTL Trusteeship holds the pledge for debenture holders. This follows a previous cycle where Aggarwal sold a 3.93% stake for ₹260 crore in December 2025 to clear an earlier pledge. Ola Electric stated the new pledge will finance Aggarwal’s participation in the company’s upcoming ₹1,000 crore rights issue without diluting his ownership terms, though governance experts have raised transparency concerns.