Ola Electric share price jumps 10% as promoter pledges eliminated, repays ₹260 crore loan

Ola Electric Mobility shares rose 10% on December 19 after the company confirmed a limited monetisation of the founder’s shares to repay a ₹260 crore loan, eliminating all promoter pledges. The promoter group retains 34.6% ownership without impacting the company’s operations.

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