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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.
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