Bhavish Aggarwal pledges 4.32% stake for Ola Electric rights issue

Ola Electric promoter Bhavish Aggarwal has pledged a 4.32% stake to fund his subscription to the company's rights issue, approved to raise up to ₹1,000 crore. The pledge has no other encumbrances. Key details like issue price and record date are yet to be finalised. Ola had earlier raised ₹780 crore via a QIP in June.