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Bhavish Aggarwal’s stake sale in Ola Electric continued for the third consecutive session today, with the founder and CEO offloading shares worth INR 90.3 Cr. He sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece today.
With this, the founder’s share selling spree has totalled to INR 324.6 Cr over the past three sessions. He sold shares worth INR 92 Cr on Tuesday (December 16) and offloaded shares worth INR 142.3 Cr yesterday.
On Tuesday, Ola Electric said in a statement that Aggarwal had undertaken a “one-time, limited monetisation” of his stake to fully repay a loan amounting to INR 260 Cr.
Amid the share sale by the founder, the stock touched a fresh all-time low of INR 30.79 during the intraday trading on the BSE today. The stock ended the session 4.98% lower at INR 31.28.
(The story will be updated soon)
The post Bhavish Aggarwal Sells More Ola Electric Shares, Mints INR 325 Cr So Far appeared first on Inc42 Media.
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