Ola Electric Founder Topped Up Collateral as Shares Tumbled
By and Saikat Das
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Bhavish Aggarwal, founder and chief executive officer of Ola Electric Mobility Ltd., paid about 200 million rupees ($2.3 million) in cash to top up collateral for borrowings against shares, according to people with knowledge of the matter, as the stock slid on poor sales.
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