Bhavish Aggarwal raises loans by pledging 25% more Ola Electric shares. Should investors be worried?
Ola Electric chairman Bhavish Aggarwal has further pledged his company shares. This is the third time he has used Ola Electric stock to finance a separate, private venture. This move raises questions about founder risk for shareholders. Ola Electric shares have seen a significant decline since its listing and following Aggarwal's previous pledges.
Ola Electric chairman Bhavish Aggarwal has further pledged his company shares. This is the third time he has used Ola Electric stock to finance a separate, private venture. This move raises questions about founder risk for shareholders. Ola Electric shares have seen a significant decline since its listing and following Aggarwal's previous pledges.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
