Bhavish Aggarwal Pledges Additional 5.88 Cr Ola Electric Shares For Krutrim Debt

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SUMMARY

Aggarwal has now pledged about 2.43% shares of Ola Electric, or 8.09% of his shareholding in the company to raise capital for Krutrim

The Ola Electric CEO had signed non-disposal undertakings for the additional shares in relation to debentures issued by Krutrim on February 21 and February 24

As per Ola Electric’s share price of INR 56.40 today, the pledged shares are valued at INR 604.44 Cr



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Bhavish Aggarwal Pledges Additional 5.88 Cr Ola Electric Shares For Krutrim Debt


SUMMARY

Aggarwal has now pledged about 2.43% shares of Ola Electric, or 8.09% of his shareholding in the company to raise capital for Krutrim

The Ola Electric CEO had signed non-disposal undertakings for the additional shares in relation to debentures issued by Krutrim on February 21 and February 24

As per Ola Electric’s share price of INR 56.40 today, the pledged shares are valued at INR 604.44 Cr



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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