India, Dec. 19 -- Shares of EV maker Ola Electric surged nearly 10% to touch an intraday high of INR 34.40 on the BSE today after founder and CEO Bhavish Aggarwal completed his stake sale yesterday.

At 12:38 IST, the stock was up 9.97% at INR 34.40. The company's market capitalisation stood at INR 15,173.25 Cr (about $1.7 Bn) at the time.

Yesterday, Aggarwal sold 2.83 Cr shares in a bulk deal at INR 31.9 apiece, amounting to INR 90.3 Cr. Overall, he sold shares worth INR 324.6 Cr over three trading sessions.

The company, after yesterday's share sale, said that Aggarwal has "completed the one-time, limited monetisation of a small portion of his personal shareholding" to fully repay a loan amounting to INR 260 Cr and release all 3.93% sh...