Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session

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Ola Electric founder and CEO Bhavish Aggarwal on Wednesday sold 4,19,03,706 shares worth around 0.95% of the company’s equity, through a bulk deal on the exchanges. The shares were offloaded at Rs 33.96 apiece, taking the transaction value to nearly Rs 142 crore, according to stock exchange disclosures.

This marks the second consecutive trading session in which Aggarwal has reduced his shareholding in the electric two-wheeler maker. Cumulatively, his total share sales have reached Rs 234 crore, with Rs 92 crore worth of shares being offloaded in the…



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Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session


Ola Electric founder and CEO Bhavish Aggarwal on Wednesday sold 4,19,03,706 shares worth around 0.95% of the company’s equity, through a bulk deal on the exchanges. The shares were offloaded at Rs 33.96 apiece, taking the transaction value to nearly Rs 142 crore, according to stock exchange disclosures.

This marks the second consecutive trading session in which Aggarwal has reduced his shareholding in the electric two-wheeler maker. Cumulatively, his total share sales have reached Rs 234 crore, with Rs 92 crore worth of shares being offloaded in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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