Bhavish Aggarwal pledges 4.32% stake to back Ola Electric’s Rs 1,000 Cr rights issue

Ola Electric founder Bhavish Aggarwal has stepped up to back the company’s upcoming Rs 1,000 crore rights issue, pledging a 4.32% stake in the EV maker to fund his participation. The move comes days after Ola Electric’s board greenlit the plan to raise fresh capital through partly paid-up shares and appointed Deepa Bansal as its new compliance chief to bolster governance. According to stock exchange filings on Sunday, Aggarwal pledged 20 crore shares against non-convertible debentures issued by