Ola Electric stock up 10% after Founder Bhavish Aggarwal repays ₹260-cr loan

After Ola Founder Bhavish Aggarwal sold his shares worth nearly ₹324 crore, the shares of Ola Electric rose by 9.97% to ₹34.40 on Friday. Aggarwal sold his shares for three consecutive trading days to fully repay a promoter-level loan of around ₹260 crore. The official company statement stated that the transaction "would have no impact on operations".