Try GOLD - Free
CEO Tops Up Collateral as Ola Shares Slump
Financial Express Chennai
|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 Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chennai
Financial Express Chennai
Call on Mustafizur’s ouster from IPL taken at top level in BCCI
THE DECISION TO instruct IPL franchise Kolkata Knight Riders to release Bangladesh pacer Mustafizur Rahman from its squad wasn’t the outcome of discussions among members of the Indian cricket board — the league’s governing council wasn't consulted, either.
1 mins
January 06, 2026
Financial Express Chennai
Why India's airlines keep importing their CEOs
QUESTION NOT ABOUT INDIVIDUAL CAPABILITY, BUT ABOUT STRUCTURE
3 mins
January 06, 2026
Financial Express Chennai
Mid-cap IT firms may see revenue rise 0.5-4% in Q3
VENDOR CONSOLIDATION, COST OPTIMISATION TO DRIVE GROWTH
1 mins
January 06, 2026
Financial Express Chennai
Adani Power scales up thermal capacity
THE FIRM PLANS TO INVEST %2 LAKH CRORE IN CAPEX BY FY32
2 mins
January 06, 2026
Financial Express Chennai
RBI eases related-party lending guidelines
· Non-compliant transactions to continue till maturity
1 mins
January 06, 2026
Financial Express Chennai
'I find it difficult to use Union Territory and Jammu & Kashmir in the same sentence'
Jammu and Kashmir Chief Minister Omar Abdullah on J&K’s statehood issue, being part of the INDIA Bloc and the state of Opposition in India. He was in conversation with Vandita Mishra, National Opinion Editor, The Indian Express
9 mins
January 06, 2026
Financial Express Chennai
4% inflation target likely to stay
THE GOVERNMENT IS likely to retain the existing inflation target for the central bank, with the setup seen as effective in managing prices, according to people familiar with the matter.
1 min
January 06, 2026
Financial Express Chennai
Further tariff hike by US on India may hit exports
PUNITIVE LEVY
1 mins
January 06, 2026
Financial Express Chennai
Devyani-Sapphire merger to boost margins
MERGED ENTITY TO ENHANCE UPTO 60% INCREASE IN REVENUE UPLIFT
1 min
January 06, 2026
Financial Express Chennai
Zomato’s gig economy lives in the grey
Why the debate over the delivery workers' strike misses the limits of absolutes on labour and capital
3 mins
January 06, 2026
Listen
Translate
Change font size