The shares of Ola Electric shed about 6 percent in early trading on Monday, March 17, with reports of two of its units having filed insolvency petitions due to vendor dues.
At 11 am, shares of Ola Electric Mobility Limited are currently trading at Rs 47.27, down 6.43 percent.
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A subsidiary of Ola Electric Mobility Ltd. is grappling with insolvency petitions filed by two key vehicle registration service providers in India over outstanding dues, further exacerbating the EV maker’s financial and operational challenges. Rosmerta Digital Services Pvt. and Rosmerta Safety Systems, both suppliers of vehicle registration services and high-security registration plates, have separately initiated insolvency…
