Ola Electric Promoter Pledges 20 Crore Shares, Equivalent to 4.32% Stake
Ola Electric Promoter Pledge Details
Bhavish Aggarwal, promoter of Ola Electric Mobility Limited, has created a first-ranking exclusive pledge over 20 crore equity shares of the company.
The pledged shares represent 4.32% of Ola Electric Mobility's total paid-up share capital.
The pledge has been created in favour of CTL Trusteeship Limited, acting for the benefit of Avendus Finance Private Limited, ICICI Prudential Special Opportunities Fund I and/or each of their transferees from time to time.
The share pledge agreement was executed on September 25, 2026, while the formal date of creation of the encumbrance is recorded as September 30, 2026.
Ola Electric Share Pledge for NCDs
The pledged shares will secure certain non-convertible debentures issued or to be issued by Krutrim Data Centre Private Limited.
The filing states that the pledge was created pursuant to an unexecuted share pledge agreement and is intended to secure the obligations associated with the relevant non-convertible debentures.
Ola Electric Promoter Shareholding After Pledge
Prior to the creation of the pledge, Bhavish Aggarwal held 122.75 crore shares, representing 26.52% of Ola Electric Mobility's total share capital, with no shares under encumbrance.
Following the creation of the pledge, 20 crore shares, representing 4.32% of the company's total share capital, are encumbered.
The promoter's overall shareholding remains unchanged at 122.75 crore shares, or 26.52% of the company's total share capital.
Ola Electric Promoter Pledge Highlights
| Company | Ola Electric Mobility Limited |
| Promoter | Bhavish Aggarwal |
| Shares Pledged | 20 crore equity shares |
| Percentage of Total Share Capital | 4.32% |
| Promoter Shareholding | 122.75 crore shares, or 26.52% |
| Pre-Event Encumbrance | Nil |
| Post-Event Encumbrance | 20 crore shares, or 4.32% |
| Pledge Type | First-ranking exclusive pledge |
| Pledgee/Trustee | CTL Trusteeship Limited |
| Purpose | To secure certain non-convertible debentures issued or to be issued by Krutrim Data Centre Private Limited |
| Beneficiaries | Avendus Finance Private Limited, ICICI Prudential Special Opportunities Fund I and/or their transferees |
| Share Pledge Agreement Date | September 25, 2026 |
| Encumbrance Creation Date | September 30, 2026 |
| NCD Issuer | Krutrim Data Centre Private Limited |
What to Watch Next
- Investors may watch for further disclosures concerning the non-convertible debentures secured by the pledged shares.
- Investors may also track subsequent filings for any changes in the promoter's encumbered shareholding or release of the pledge.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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