Ola Electric Shares Jump 8% Despite S&P Downgrade of Promoter ANI Technologies; Know Why This Stock is Rising?

Ola Electric shares jumped more than 8% on Thursday, December 11, 2025, despite negative cues following an S&P Global downgrade of promoter ANI Technologies. The stock opened lower at Rs 34.06 in the morning but recovered sharply through the afternoon.

Ola Electric Share Price Today; Know Why Ola Electric Stock is Rising?

By 14:15:40 IST, Ola Electric Mobility Ltd was trading at Rs 37.15, marking a gain of Rs 2.81 or 8.18% from the previous close of Rs 34.34. The stock also touched an intraday high of Rs 37.70, while the intraday low stood at Rs 33.82, showing strong buying interest after the early decline.

S&P Global Downgrades Ola Electric Promoter ANI Technologies Cut to 'CCC

S&P Global downgraded ANI Technologies, the promoter of Ola Electric, to 'CCC-' from 'CCC+' with a negative outlook. The rating agency said the downgrade reflects continued cash burn, weakening liquidity and an increasing risk of covenant breach. A 'CCC-' rating indicates a high likelihood of default unless financial conditions improve materially.

ANI Technologies, which held a 3.6% stake in Ola Electric as of September 2025, has seen its cash reserves shrink due to ongoing losses in the Ola Cabs business. S&P expects the company's cash and cash equivalents to fall below Rs 200 crore in the fourth quarter of FY26.

Ola Electric CEO Bhavish Aggarwal Adds 3.1% More Equity to Loan Pledges

Meanwhile, Ola Electric's founder and CEO, Bhavish Aggarwal, has increased the number of shares pledged against loans as per ET report. This week alone, he added about 3.1% of equity as collateral. In total, nearly Rs 600 crore worth of Ola Electric shares are now pledged, based on the company's current market capitalisation of Rs 15,054 crore.

Aggarwal's share price pressure has intensified in recent months, and the stock had fallen to a record low of Rs 33.1 on December 9 after drifting downward for several months due to concerns over slowing demand, regulatory issues and pressure in the electric two-wheeler market.

Early investor Z47, formerly known as Matrix Partners India, completely exited the company by selling its remaining stake, according to a report published on December 5. Other global investors such as Tiger Global and Alpha Wave Ventures also sharply reduced their holdings. Both funds held meaningful stakes in June-3.24% and 2.83% respectively-but their ownership fell to below 1% each by September, signalling declining confidence.

Recent filings also show new pledges of Ola Electric shares by Aggarwal in December. This includes a 3.04% stake pledged on December 5. With the latest moves, the total pledged portion of Aggarwal's holding has risen to 13.3%, while his overall ownership remains at 30.02%. The pledges have been made in favour of Aditya Birla Finance and Axis Trustee Services.

These new pledges also align with Aggarwal's efforts to fund his artificial intelligence venture, Krutrim AI. Last December, he pledged 1.1% of his personal stake in Ola Electric to back debentures issued by Krutrim AI through a non-disposal undertaking with Axis Trustee Services and Krutrim Data Centre.

In March, he pledged another 5.88 crore Ola Electric shares to raise additional capital. Aggarwal had committed Rs 2,000 crore to Krutrim AI initially, with a plan to expand investment to Rs 10,000 crore next year. This large financial requirement has been partly supported by pledging Ola Electric shares.

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