Ola Electric’s share price experienced a significant drop following the announcement that Rosmerta Digital Services Ltd. intends to file for insolvency against Ola Electric Technologies Pvt Ltd., a wholly-owned subsidiary of Ola Electric Mobility Ltd. This news led to an almost 4% fall in Ola Electric’s share price during Monday’s trading session, as reported on March 17, 2025. Similarly, another report on the same day noted that Ola Electric’s shares slid by 7%, falling below ₹50 on the BSE after this disclosure. The share price reached a day’s low of ₹47.14 on BSE.
Insolvency Proceedings by Rosmerta Digital Services
Rosmerta Digital Services Ltd., which serves as an operational creditor providing vehicle registration services to…
