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CEO Tops Up Collateral as Ola Shares Slump
Financial Express Bengaluru
|June 06, 2025
BHAVISH AGGARWAL, founder and chief executive officer of Ola Electric Mobility, paid about ₹20 crore in cash to top up collateral for borrowings against shares, sources said, as the stock slid on poor sales.
The scrip on Thursday closed down 1.84% at ₹49.06 on the BSE.
Aggarwal had raised ₹250 crore for his generative AI venture Krutrim Data Center by pledging Ola Electric equity and he voluntarily put in the extra money since March as shares dipped below ₹50 each, sources said. No margin calls were triggered and the value of the stock collateral is more than twice the borrowed amount, they added.
This story is from the June 06, 2025 edition of Financial Express Bengaluru.
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