Bhavish pledges 4.32% Ola stake after earlier debt clean-up
No shares are being sold as part of the latest transaction, and the promoter will participate in the issue on the same terms as other shareholders
Ola Electric's founder and promoter Bhavish Aggarwal has pledged an additional 4.32 per cent of his stake in the company to participate in its proposed ₹1,000-crore rights issue. This pledge follows a previous clean-up of promoter pledge overhang less than a year ago. Aggarwal's move aims to fund his subscription to the rights issue, with no other shares currently pledged.
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