Ola Electric has received approval from Sebi for its IPO, making it the first electric vehicle firm in India to go public. The company plans to raise Rs 5,500 crore through issuance of fresh shares and aims for a valuation of $7-8 billion. The IPO includes selling shares from 10 shareholders, including promoters Aggarwal and Indus Trust, SoftBank, and Matrix Partners.
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This cryptic message sparked speculation among netizens, ranging from expectations of a new Ola EV car to rumors about a potential Ola IPO. The anticipation was fueled further as this revelation followed the company s announcement of record-breaking sales in November.
This cryptic message sparked speculation among netizens, ranging from expectations of a new Ola EV car to rumors about a potential Ola IPO. The anticipation was fueled further as this revelation followed the company s announcement of record-breaking sales in November.