SEBI Probing Ola Electric Over Discrepancies In Feb Sales Data

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SUMMARY

Sources said that SEBI is also reviewing Ola Electric’s clarifications regarding the February sales data as well past filings for any potential discrepancies

The market regulator assessing whether investors were “shortchanged” due to any misleading or inaccurate disclosures made by the company

Ola Electric had claimed that it sold over 25,000 electric two-wheelers in February while VAHAN portal showed only about 8,600 registrations for the same period

The Securities and Exchange Board of India (SEBI) is…



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SEBI Probing Ola Electric Over Discrepancies In Feb Sales Data


SUMMARY

Sources said that SEBI is also reviewing Ola Electric’s clarifications regarding the February sales data as well past filings for any potential discrepancies

The market regulator assessing whether investors were “shortchanged” due to any misleading or inaccurate disclosures made by the company

Ola Electric had claimed that it sold over 25,000 electric two-wheelers in February while VAHAN portal showed only about 8,600 registrations for the same period

The Securities and Exchange Board of India (SEBI) is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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