Ola Electric Mobility has issued an official company statement confirming the completion of debt repayment using proceeds from the earlier share monetization, resulting in the full release of all promoter-level share pledges.

Official Debt Repayment Confirmation

The company has officially confirmed that proceeds from the one-time, limited monetization of a small portion of the promoter's personal shareholding have been utilized for debt repayment, interest, and charges. The remainder will be used for payment of applicable taxes pertaining to the transactions in due course.

Complete Share Pledge Release

Following the debt repayment, all promoter-level share pledges have been fully released. The released pledges represented approximately 3.93% of the company's total equity, completely eliminating any encumbered shares at the promoter level.

Previous Bulk Deal Transaction

Prior to this confirmation, Bhavish Aggarwal had executed a bulk deal involving the sale of 28.3 million shares, which formed part of the strategic shareholding adjustments that enabled the debt repayment and pledge release.

Strategic Business Focus

Ola Electric has reiterated its commitment to building a globally competitive, India-first electric mobility and clean energy company. The completion of the financial restructuring allows the company to maintain its strategic focus on long-term growth objectives in the electric vehicle sector without any operational disruptions.

Market Impact

The complete elimination of promoter-level pledges addresses potential market concerns related to encumbered shares and demonstrates responsible financial management. With the promoter group continuing to hold a substantial 34.60% stake, the company maintains strong promoter commitment while achieving a clean shareholding structure.

Ola Electric Mobility Limited's co-founder and promoter Bhavish Aggarwal plans to offload a 2.78% stake in the company over the next few days to release 3.93% of shares he had pledged to raise a promoter-level loan of ₹260.00 crores. The strategic transaction will enable complete elimination of all promoter pledges while maintaining strong promoter control in the electric vehicle manufacturer.

Planned Stake Sale Details

The upcoming stake sale represents a calculated move to eliminate all promoter pledges and associated financial risks over the next few days. According to the company's official statement, this action removes critical overhang that can introduce avoidable risk and volatility. The transaction aligns with the founder's conviction that Ola Electric should operate with zero pledge overhang.

Promoter Control Maintained

Post the planned stake sale transaction, the promoter group will continue to hold approximately 34% in Ola Electric, which ranks among the highest across new-age listed companies. The company emphasized that there is no dilution of promoter control or change in long-term conviction. The strategic move ensures complete unwinding of leverage while preserving substantial ownership stake.

Operational Independence

The planned stake sale transaction is being executed entirely at the promoter's personal level and will have no impact on Ola Electric's operations, governance, or strategic direction. The company's focus remains firmly on building a globally competitive, India-first electric mobility and clean energy company. This approach ensures business continuity while addressing financial structure optimization.

Market Impact

The planned elimination of all promoter pledges through the 2.78% stake sale removes a significant overhang that could introduce volatility in the stock. By clearing the ₹260.00 crore loan obligation through the upcoming transaction, the founder demonstrates strengthened financial planning while maintaining confidence in the company's long-term prospects. The strategic nature of this planned transaction demonstrates responsible financial management in the electric mobility sector.