The decline comes after two operational creditors filed insolvency petitions against the company’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., before the Bengaluru bench of the National Company Law Tribunal (NCLT).
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Shares of Ola Electric Mobility Ltd. extended their losing streak for a third consecutive session on Tuesday, slipping another 1% to an intraday low of ₹41.39.
The decline comes after two operational creditors filed insolvency petitions against the company’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., before the Bengaluru bench of the National Company Law Tribunal (NCLT).
The petitions, filed by Sterling E-Mobility and Anevolve Mando eMobility, have been initiated under Section 9…