Ola Electric’s founder-promoter has undertaken a one-time monetization of a small portion of his personal stake to fully repay a promoter level loan of INR 260 crore. This will lead to the release of all previously pledged shares, amounting to 3.93%. Post transaction, the promoter group will continue to hold approximately 34% in Ola Electric. This action aims to eliminate promoter pledges, ensuring zero pledge overhang for the company.
Promoter Loan Repayment
Ola Electric’s founder-promoter has executed a one-time, limited monetization of his personal stake. This action fully repays a promoter level loan amounting to INR 260 crore, as announced on December 16, 2025.
Release of Pledged Shares
With the loan repayment, all previously pledged shares, constituting 3.93% of the company, will be released. This move eliminates a critical overhang for Ola Electric.
Promoter Group Stake
Following the transaction, the promoter group will continue to hold approximately 34% of Ola Electric. The company emphasizes that this ownership level is among the highest across new-age listed companies, ensuring strong promoter control and sustained long-term conviction.
Strategic Rationale
The company states that this action is designed to eliminate all promoter pledges, mitigating potential risks and volatility. It aligns with the founder’s vision of operating Ola Electric with zero pledge overhang, fully unwinding any leverage.
Impact on Operations
Ola Electric clarifies that the transaction is executed at the promoter’s personal level and will not impact Ola Electric’s operations, governance, or strategic direction. The company remains focused on building a globally competitive electric mobility and clean energy company.
Source: BSE
