Bhavish Aggarwal Pledges 4.32% Ola Electric Stake for Rights Issue

5 Oct 2026, 1:00 pm · 4h ago · 1 min read · Inc42

Amount

₹1,000 Cr

Stage

Rights Issue

Ola Electric founder and CMD Bhavish Aggarwal has pledged a 4.32% stake, comprising 20 crore shares, to fund his participation in the company's upcoming ₹1,000 crore rights issue. The shares were pledged to CTL Trusteeship Limited to secure non-convertible debentures issued by Krutrim Data Centre Pvt Ltd, an unlisted promoter group entity. Ola Electric clarified that no shares are being sold in the market and Aggarwal plans to subscribe fully to his rights entitlement alongside public shareholders. Aggarwal held a 26.52% stake in the electric two-wheeler maker as of June 30, 2026.