Ola Electric founder to fully release Rs 260 crore promoter pledges, to go debt-free with limited stake monetisation - The Economic Times
Ola Electric founder Bhavish Aggarwal has announced plans to fully release promoter share pledges worth around ₹260 crore, signaling a strong move toward a debt-free position. The decision reflects the company’s intention to strengthen its financial structure while maintaining long-term control over ownership. Aggarwal clarified that only limited stake monetisation will be used to clear existing obligations, ensuring minimal impact on shareholder confidence. The move comes at a time when Ola Electric continues to expand its presence in India’s electric vehicle market, focusing on sustainable growth rather than aggressive borrowing. By reducing financial leverage, the company aims to improve transparency, stability, and investor trust. Industry observers see this as a positive step that could help Ola Electric navigate market volatility and regulatory challenges more effectively. The pledge release also highlights the founder’s confidence in the company’s future performance and long-term vision within the renewable mobility sector.
The Key points
- Ola Electric founder plans to release ₹260 crore promoter pledges
- Objective is to achieve a debt-free financial position
- Limited stake monetisation will be used for repayments
- No major dilution of ownership is expected
- Move strengthens balance sheet and financial stability
- Enhances investor confidence and transparency
- Supports long-term growth strategy in EV sector
- Reduces dependency on external borrowing
- Aligns with sustainable business practices
- Signals strong confidence in Ola Electric’s future prospects
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