Ola Electric: Promoter repays ₹260 Cr loan, clears all pledges
Ola Electric Mobility Limited has announced that the promoter has completed a one-time, limited monetization of a small portion of his personal shareholding. This transaction was undertaken to fully r...
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Why is Ola Electric Mobility Limited in the news today?
Ola Electric Mobility Limited (OLAELEC) is in the news due to the announcement is positive as the promoter has repaid a significant loan and cleared all pledged shares, strengthening the company's financial standing and reducing potential risks.
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Ola Electric: Promoter repays ₹260 Cr loan, clears all pledges
December 18, 2025, 02:14 PM
Ola Electric Mobility Limited has announced that the promoter has completed a one-time, limited monetization of a small portion of his personal shareholding. This transaction was undertaken to fully repay a promoter-level loan of approximately ₹260 crore.
As a result of this repayment, all previously pledged shares, amounting to 3.93% of the promoter's holding, have been released, thereby eliminating all promoter pledges. The promoter group continues to hold 34.6% in Ola Electric following this transaction, with no dilution of promoter control or change in the long-term commitment.
The company stated that this was a planned, time-bound exercise executed entirely at the promoter's personal level and has no impact on the company's performance, operations, or strategic direction. Ola Electric remains focused on its mission to build a globally competitive, India-first electric mobility and clean energy company.
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