Ola Electric received market regulator Sebi (Securities and Exchange Board of India) nod for its intial public offering (IPO).
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Ola Electric, led by Bhavish Aggarwal, has received Sebi approval for the first electric vehicle startup IPO in India. The Bengaluru-based company plans to raise up to Rs 5,500 crore through a fresh issue of shares
Ola Electric received market regulator Sebi (Securities and Exchange Board of India) nod for its intial public offering (IPO).
The IPO includes fresh equity sale worth ₹800 crore and an OFS of 1.36 crore equity shares by promoters and existing shareholders.
Ola Electric investors are at odds with the company’s initial valuation as the company tries to raise funds to build the world’s largest EV hub in...
The issue includes a fresh issue of shares worth ₹4,000 crore and parent Bajaj Finance Ltd will sell shares worth another ₹3,000 crore.
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Ola Electric manufactures EVs and core EV components such as battery packs and motors at Ola Futurefactory -- manufacturing facility in Krishnagiri.
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