Krutrim receives further Ola Electric shares from Bhavish Aggarwal, whose personal pledge is now 8%. Bangalore
Free
- Location: Bangalore, Karnataka, India
Around Rs 603 crore is the total pledged value of Aggarwal’s Ola Electric shares, at the current NSE share price of Rs 56.37. Idleness
The creator of Ola Electric and the AI firm Krutrim, Bhavish Aggarwal, stated in a March 6 regulatory filing that he will promise an extra 5.88 crore shares of Ola Electric in order to acquire funds for Krutrim. An earlier commitment of 1.1 percent shares was supplemented by the most recent pledge.
This is recognized as the second and last pledge to finance Krutrim.
Given the current share price of Rs 56.37 on the NSE, the entire pledged value of Aggarwal’s Ola Electric shares is almost Rs 603 crore. In order to raise money for Krutrim, he has now committed to investing roughly 2.43 percent of Ola Electric’s total shares, or 8.09 percent of his own ownership position in the business.
Aggarwal pledged Rs 10,000 crore by the following year and announced an investment of Rs 2,000 crore in the AI business on February 4.
Useful information
- Avoid scams by acting locally or paying with PayPal
- Never pay with Western Union, Moneygram or other anonymous payment services
- Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"
Related listings
-
Voice Of Entrepreneur | Larry Page starts a new AI companyCommunity Activities - Bangalore (Karnataka) - 12 Mar, 2025 10:54 AM Free11
Google co-founder and tech tycoon Larry Page is venturing into the realm of artificial intelligence (AI) with a new company called Dynatomics. In order to provide highly efficient design renderings of products that could be produced in factories, the...
-
Best Cricket Betting Sites in IndiaCommunity Activities - Bangalore (Karnataka) - 08 Mar, 2025 02:19 PM 100.00 Rs16
Cricket isn't just a sport; it's a thrilling experience! Take your love for the game to the next level with the best cricket betting sites in India. Bet on IPL, T20 World Cup, and Test matches with top odds, safe payments, and exciting bonuses. Enjoy...
-
Top IGCSE School in Sarjapur Road, Bangalore – Wellsprings AcademyCommunity Activities - Bangalore (Karnataka) - 03 Mar, 2025 05:45 PM Check with seller16
Wellsprings Academy is a premier IGCSE school in Sarjapur Road, Bangalore, offering a world-class curriculum that fosters academic excellence and holistic development. With experienced faculty, modern infrastructure, and a student-centric approach, w...
