Ola Electric share prices traded at their lowest since listing after news that two suppliers had filed an insolvency petition with the NCLT in Bengaluru, alleging non-payment of dues amounting to a cumulative ₹22.5 crore. Ola Electric has disputed the claim and said that it is fighting it legally.
The company’s shares were trading at ₹46.91, down by 7.18 per cent on the BSE, marking their lowest since being listed on the exchanges. Ola Electric debuted on the exchanges on August 9 at ₹76 per share. The stock surged to ₹126.21 on August 23, reflecting a remarkable 66 per cent increase.
Ola Electric informed the exchanges that it had received a petition from Rosmerta Digital Services Limited, an operational creditor of Ola…
