Rosmerta has filed an insolvency petition against Ola Electric Technologies in the NCLT Bengaluru, alleging payment defaults for its services. Rosmerta Digital Services Ltd, a vehicle registration service provider, has filed an insolvency petition against Ola Electric Mobility’s subsidiary Ola Electric Technologies before the National Company Law Tribunal in Bengaluru. According to Rosmerta, the company…
Shares of Ola Electric Mobility Ltd. fell as much as 6% on Monday, March 17, after a high security number plate manufacturer and vehicle registration agency sued the company for defaulting on payments. With this, the stock fell below the mark of ₹50 apiece. Ola Electric, in an exchange filing over the weekend, mentioned that…
A liquidator is investigating whether a failed international student agency improperly transferred funds out of Australia in the weeks before its collapse. GrowPro Experience, a Spain-based company which helps arrange global study for international students, was put into administration earlier this year. Its collapse has left hundreds of students at risk of losing years of…
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…
Ola Electric Mobility Limited disclosed Saturday that its wholly owned subsidiary, Ola Electric Technologies Private Limited, faces an insolvency petition filed by Rosmerta Digital Services Limited. The petition was submitted to the National Company Law Tribunal (NCLT) in Bengaluru under Section 9 of the Insolvency and Bankruptcy Code. Also read: Ola Electric’s subsidiary faces insolvency…
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. READ MORE on live updates and…
India’s Ola Electric shares hit record low as unit faces insolvency petition MSN Read the original article here
EV company Ola Electric’s shares fell by about 6% on Monday following a petition filed by Rosmerta Digital Services under Section 9 of the Insolvency and Bankruptcy Code against its EV-making unit. Ola Electric’s shares hit a 52-week low of Rs 47.59 apiece as of 10:14 AM today. On Saturday, the Bhavish Aggarwal-led company informed…
Ola Electric shares tumbled nearly 7% on Monday, sinking below Rs 50 for the first time. The stock hit a record low of Rs 46.94 on the Bombay Stock Exchange (BSE) in early trade. By 10:54 am, it was trading at Rs 47.25, down 6.51%. The slump came after the company revealed that an insolvency…
Ola Electric shares dive 6% to hit all-time low; here’s what analysts have to say MSN Read the original article here