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Bhavish paid ₹20 cr to top up Ola Electric loan collateral: Report
short by Bhawana Chaudhary / on Thursday, 5 June, 2025
Ola Electric CEO Bhavish Aggarwal paid ₹20-crore cash to top up value of collateral for a loan taken to raise ₹250 crore for Krutrim AI, Bloomberg reported. The loan was taken by pledging Ola Electric shares, whose value dipped, and Aggarwal paid extra to keep collateral's value intact. Shares Aggarwal pledged are still reportedly worth over twice the loan amount.
read more at NDTV Profit