OLA Electric Mobility’s promoter has completed the one-time, limited monetisation of a small portion of his personal shareholding. The transaction was undertaken solely to repay a promoter-level loan of around Rs 260 crore fully. Post this transaction, all previously pledged 3.93% shares of the company will be released, eliminating all promoter pledges.
Following the transaction, the promoter group continues to hold 34.60% stake in the company, with no dilution of promoter control or change in long-term commitment.
Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Future factory.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9997.75 |
| Hero MotoCorp | 5100.45 |
| TVS Motor | 3492.00 |
| Eicher Motors | 7110.40 |
| Ather Energy | 934.70 |
| View more.. | |
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