The Central Consumer Protection Authority has issued a show cause notice to OLA electric mobility for customer right violation, the company informed the exchange in a filing on Tuesday.
Ola Electric, which has been in the news cycle for its much-awaited IPO, has unveiled three models of electric bikes - Roadster Pro, Roadster, and Roadster X, on the occassion Independence Day.
The Rs 6,145.56 crore issue received bids for 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of Rs 72-76, according to data available on the stock exchanges.
The much-awaited initial public offering (IPO) of Ola Electric Mobility was subscribed 0.38 times at the end of Day 1. The portion reserved for the retail investors was subscribed 1.7 times, publicly available data showed.
New Delhi [India], August 1: OLA Electric is a leading name in the electric vehicle (EV) market. With its upcoming Initial Public Offering (IPO), the company plans to expand its operations, enhance its product offerings, and strengthen its position in the competitive EV industry. This articl
The company has announced a price band for its IPO ranging from Rs 72 to Rs 76 per equity share, each with a face value of Rs 10. The subscription period for the IPO will run until August 06.
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs, emphasized that the current generation has to work 'extra-hard' to build the 'country of dreams'.
In an interview with ANI, Aggarwal likened this practice to the historical exploitation of Indian resources by the British East India Company, arguing that while India produces a significant portion of the world's data, the benefits of this data are largely siphoned off by foreign tech gi
Ola-founder Bhavish Aggarwal said that the company has developed a cutting-edge lithium cell battery named "Bharat cell", which is currently undergoing trials in an advanced stage and can be a gamechanger for the Indian electric mobility ecosystem once it is launched on a full scale.
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