Ola Electric Plans First Fundraise Since IPO

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SUMMARY

The board of Ola Electric is scheduled to meet on May 22 to consider a proposal to raise funds via the issuance of NCDs

However, details such as the size of the round and the names of the investors are unknown

At 11:11 AM, shares of Ola Electric were trading at INR 52.01 apiece on the BSE, down 1.05% from the last close

Bhavish Aggarwal-led Ola Electric is considering raising fresh funds amid a decline in its stock price and mounting regulatory scrutiny over a potential…



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Ola Electric Plans First Fundraise Since IPO


SUMMARY

The board of Ola Electric is scheduled to meet on May 22 to consider a proposal to raise funds via the issuance of NCDs

However, details such as the size of the round and the names of the investors are unknown

At 11:11 AM, shares of Ola Electric were trading at INR 52.01 apiece on the BSE, down 1.05% from the last close

Bhavish Aggarwal-led Ola Electric is considering raising fresh funds amid a decline in its stock price and mounting regulatory scrutiny over a potential…



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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