BusinessBhavish Aggarwal Pledges 4.32% Stake for Ola Electric Rights Issue
Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, has pledged 4.32% of his stake to participate in the company's rights issue approved on September 28. The pledge is solely to fund his subscription, with no shares being sold. Aggarwal will invest on the same terms as other shareholders. Additionally, 20 crore shares are pledged against nonconvertible debentures by Krutrim Data Centre Pvt Ltd.
Business Standard·



