Ola Electric Gets Board Nod To Raise INR 1,700 Cr Debt

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SUMMARY

Ola Electric will raise the amount via NCDs, term loans, working capital facilities, or any other eligible debt securities

The company said that the debt can be raised in one or more tranches and/ or by way of one or more issuances

Shares of Ola Electric ended today’s trading session 0.27% higher at INR 51.5 on the BSE

EV major Ola Electric’s board has approved a proposal to raise up to INR 1,700 Cr debt via non-convertible debentures (NCDs), term loans, working capital facilities, or any other eligible debt…



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Ola Electric Gets Board Nod To Raise INR 1,700 Cr Debt


SUMMARY

Ola Electric will raise the amount via NCDs, term loans, working capital facilities, or any other eligible debt securities

The company said that the debt can be raised in one or more tranches and/ or by way of one or more issuances

Shares of Ola Electric ended today’s trading session 0.27% higher at INR 51.5 on the BSE

EV major Ola Electric’s board has approved a proposal to raise up to INR 1,700 Cr debt via non-convertible debentures (NCDs), term loans, working capital facilities, or any other eligible debt…



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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