Ola Electric Share Crash: Shares of Ola Electric Mobility are going through bad days these days. There was a huge decline in the shares of Ola Electric in the year 2025. It has fallen by almost 60 percent from the IPO price launched in August 2024 and has fallen by more than 80 percent from its 52-week high level reached on December 26, 2024. However, on Friday there was a rise of about 10 percent in the company’s shares.
The price had increased by 10 percent on Friday
Last Friday, shares of Ola Electric Mobility jumped to Rs 34.40, which is 10 percent more than the previous closing price of Rs 31.28. This rise in shares came when the company announced to sell a small part of its shares to repay the loan of Founder and CEO Bhavish Aggarwal and to remove the pledged shares of the promoters.
The company said that Bhavish Aggarwal has sold some of his stake to completely repay the promoter-level loan of about Rs 260 crore. After this surge, investors were forced to think whether the bad phase of Ola Electric shares is really over or it is just a short break.
Why did it decline for three consecutive days?
The stock had fallen 16 percent in the three sessions before Friday. The reason for this was the rapid sale of shares by Bhavish Aggarwal. In the last three trading sessions, Bhavish sold 96,460,454 shares, which is equal to 2.2 percent stake in the company. In return for this deal, Bhavish received Rs 324.45 crore, which was used to repay the loan of Rs 260 crore and liquidate the pledged shares of the promoters.
New revelation in suicide case
Meanwhile, Ola Electric engineer K. A big revelation has come to light in the case of Arvind’s alleged suicide. In the investigation of Central Crime Branch (CCB), it has been found that the fingerprints found on the suicide note have matched with Arvind’s fingerprints in the forensic investigation. Arvind was found dead in his home in Bengaluru on September 28, 2025. He was 30 years old. In his 28-page suicide note, Arvind had mentioned harassment in the workplace. CEO Bhavish Aggarwal’s name was also taken in the note. In such a situation, this new revelation may increase difficulties for them and the shares may come under pressure again.
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