Ola Electric shares tanked over 7% on Monday, hitting a 52-week low and sinking below Rs 50 for the first time. The stock dropped to a record low of Rs 46.40 on the Bombay Stock Exchange (BSE) in early trade. By 3:00 pm, it was trading at Rs 46.95, down 7.10%. The fall came after…
Ola Electric shares tanked over 7% on Monday, hitting a 52-week low and sinking below Rs 50 for the first time. The stock dropped to a record low of Rs 46.40 on the Bombay Stock Exchange (BSE) in early trade. By 3:00 pm, it was trading at Rs 46.95, down 7.10%. The fall came after…
Ola Electric Mobility Ltd. shares plummeted almost 8 per cent on Monday, touching a new all-time low of Rs 46.51 each. The fall followed after an insolvency petition was filed by Rosmerta Digital Services Pvt. Ltd., an Ola Electric vendor, against the EV maker’s subsidiary for non-payment of dues. The petition, filed before the National…
Canadian department store chain Hudson’s Bay Company has revealed plans to initiate a full liquidation of its business as it failed to obtain the necessary funding to proceed with a restructuring plan. The company, with a workforce of 9,364, has stated in the filings submitted to the Ontario Superior Court of Justice that it has…
Ola Electric Share Prices Hit A 52-Week Low, Falling By 7% As Insolvency Petitions Surface MSN Read the original article here
Representative image | Photo Credit: Reuters Ola Electric Mobility Ltd on Saturday (March 15, 2025) said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd. In a regulatory filing, the company said, “A petition has been filed under…
Banks wrote off bad loans worth Rs 16.35 lakh crore in last 10 years Deccan Herald Read the original article here
The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun. It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year. The retailer entered into a company voluntary arrangement (CVA)…
EV stock under ₹50 crashes 8% amid insolvency proceedings against its subsidiary Trade Brains Read the original article here
Carlow firm Swan Fruit Limited once had a turnover of €40m but was placed into voluntary liquidation in 2014, owing more than €2m to creditors Carlow firm Swan Fruit Limited once had a turnover of €40m but was placed into voluntary liquidation in 2014, owing more than €2m to creditors. The firm’s liquidator, insolvency expert…