The e-mobility startup plans to use the capital for fleet expansion, expanding to new markets, and its tech-enabled services to customers across the country.
bp and an investment fund managed by Morgan Stanley India Infrastructure have committed a total of $22 million in equity investment into Magenta Mobility,
FIIs made a buying of over ₹6,010 crore in the last week driven by a mega block deal in Adani stocks. On the other hand, DIIs invested more than doubled the amount as FIIs, by pumping in nearly ₹12,559 crore in the equities.