Bhavish Aggarwal pledges 4.32% Ola Electric stake to fund rights issue

"Ola Electric promoter Bhavish Aggarwal has pledged a 4.32% stake in the electric two-wheeler maker to fund his participation in the company"s upcoming rights issue. As per the filing with the National Stock Exchange, the pledge has been created solely to fund Aggarwal"s subscription to the rights issue approved by Ola Electric"s board. No shares are being sold as part of the transaction. Ola Electric"s board had approved a rights issue of up to Rs 1,000 crore on September 28…