Aggarwal backs Ola Electric rights issue with 4.32% stake
In short
Bhavish Aggarwal backed Ola Electric Mobility’s rights issue with his 4.32% stake. Publisher-supplied reports said 20 crore shares were pledged against Krutrim Data Centre debentures to help fund the subscription.
The stock closed at ₹37.09 on October 1, up ₹0.14 or 0.38% on the BSE. The exact amount of Aggarwal’s investment was not stated.
What the reporting says
Bhavish Aggarwal backed Ola Electric Mobility’s rights issue with his 4.32% stake, according to publisher-supplied reporting, with 20 crore shares reportedly pledged against Krutrim Data Centre debentures to fund his subscription. The sources do not say how much he is investing or whether the rights issue terms changed. Ola Electric shares ended at ₹37.09 on October 1, up 0.38% on the BSE.
Why it matters
Bhavish Aggarwal’s support for Ola Electric’s rights issue, backed by his 4.32% stake, is the key event reported here. The publisher-supplied summaries say 20 crore shares were pledged against Krutrim Data Centre debentures to fund the subscription. The reporting does not state the issue size, his exact contribution, or any broader effect on Ola Electric’s financing.