Ola Electric promoter Bhavish Aggarwal sells another 4.2 crore shares in open market

Ola Electric founder Bhavish Aggarwal has sold shares worth Rs 142 crore. This follows a Rs 92 crore sale a day earlier. The transactions aim to repay a promoter loan. Despite assurances, the stock has hit fresh lows. Ola Electric faces slowing demand and financial losses. The company’s market share has also declined.