Ola Electric plans fundraise amid market share slump, stock slide

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Amid declining market share and falling stock price, electric two-wheeler maker Ola Electric is planning a fresh fundraise and has scheduled a board meeting on May 22 to consider raising capital through non-convertible debentures (NCDs) or other eligible securities.

According to a stock exchange filing late on Monday, the fundraise could take place in one or more tranches, either via private placement or other permissible methods. This would mark the Bengaluru-based company’s first funding exercise since its initial public offering (IPO) last…



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Ola Electric plans fundraise amid market share slump, stock slide


Amid declining market share and falling stock price, electric two-wheeler maker Ola Electric is planning a fresh fundraise and has scheduled a board meeting on May 22 to consider raising capital through non-convertible debentures (NCDs) or other eligible securities.

According to a stock exchange filing late on Monday, the fundraise could take place in one or more tranches, either via private placement or other permissible methods. This would mark the Bengaluru-based company’s first funding exercise since its initial public offering (IPO) last…



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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