The shares of Ola Electric Mobility jumped nearly 10 percent on December 19 after the company announced that its promoter and CEO Bhavish Aggarwal has completed the sale of a small portion of his personal shareholding to repay a loan and remove all promoter pledges. The shares of the electric scooter-maker rose to Rs 34.38 apiece in the morning trading hours of Friday, snapping a three-session losing streak. Here's what Ola Electric said: In an exchange filing released in the post-market hours of December 18, Ola Electric Mobility said that Bhavish Aggarwal has sold a portion of his stake to fully repay promoter-level loan of approximately Rs 260 crore. This completely eliminates all promoter pledges, as it releases all 3.93 percent shares previously pledged for the loan. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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