Bhavish Aggarwal paid $2.3M to top up collateral as Ola Electric shares slid: Report

Bhavish Aggarwal has collateralized his shares in Ola Electric and Krutrim, his AI venture. This action typically involves pledging shares as security for a loan, potentially to raise funds for personal investments or to inject capital into his companies. Collateralizing shares is a common practice among promoters to raise capital without diluting equity immediately. This move signals Aggarwal's continued financial commitment to his ventures, leveraging his personal holdings to support the growth and expansion of both Ola Electric and Krutrim.