Ola Electric Shares Surge 10% After Bhavish Aggarwal Wraps Up Stake Sale

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Shares of EV maker Ola Electric surged nearly 10% to touch an intraday high of INR 34.40 on the BSE today after founder and CEO Bhavish Aggarwal completed his stake sale yesterday.

At 12:38 IST, the stock was up 9.97% at INR 34.40. The company’s market capitalisation stood at INR 15,173.25 Cr (about $1.7 Bn) at the time.

Yesterday, Aggarwal sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece, amounting to INR 90.3 Cr. Overall, he sold shares worth INR 324.6 Cr over three trading sessions.

The company, after yesterday’s share sale, said…



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Ola Electric Shares Surge 10% After Bhavish Aggarwal Wraps Up Stake Sale


Shares of EV maker Ola Electric surged nearly 10% to touch an intraday high of INR 34.40 on the BSE today after founder and CEO Bhavish Aggarwal completed his stake sale yesterday.

At 12:38 IST, the stock was up 9.97% at INR 34.40. The company’s market capitalisation stood at INR 15,173.25 Cr (about $1.7 Bn) at the time.

Yesterday, Aggarwal sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece, amounting to INR 90.3 Cr. Overall, he sold shares worth INR 324.6 Cr over three trading sessions.

The company, after yesterday’s share sale, said…



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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