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Ola Electric IPO: Founder Bhavish Aggarwal to sell 47 4 million shares

The proposed IPO includes a fresh equity share release of up to ₹5,500 crore and an offer for sale of 95,191,195 equity shares at a face value of ₹10.

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Ola Electric IPO: Here are the top 10 things to know for investors keen on the issue

Bhavish Aggarwal, the founder of Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker. The company is targeting a valuation in the range of $7-8 billion by early 2024.

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