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Ola Electric Mobility’s shares dropped 3.8% following the disclosure of an insolvency petition filed against its subsidiary, Ola Electric Technologies
Ola Electric Scooter. (File photo)
Ola Electric Shares: Shares of Ola Electric Mobility fell 3.8%, hitting an intraday low of Rs 48.61 on the BSE on Monday, March 17, after the company revealed that an insolvency petition had been filed against its wholly-owned subsidiary, Ola Electric Technologies, by M/s. Rosmerta Digital Services.
The petition was filed by Rosmerta Digital, an operational creditor of Ola Electric, before the National Company Law Tribunal (NCLT) in Bengaluru. The creditor has alleged payment defaults for services rendered and is…
