Ola Electric shares hit record low after insolvency petition – Tech in Asia
Ola Electric shares hit record low after insolvency petition Tech in Asia Read the original article here
Plunges Over 7% To Hit All-Time Low On Insolvency Petition; Stock Falls 40% From IPO Price
Ola Electric Share Price NSE: Shares of Ola Electric Mobility Limited fell over 7 percent during the intraday trade on Monday. Osmertasmerta Digital Services Limited, a vehicle registration service provider, sought to initiate insolvency proceedings against its wholly-owned subsidiary Ola Electric Technologies Private Limited. The electric mobility company’s stock fell around 7.5 per cent to…
Ola Electric shares hit 52-week low after insolvency petition by creditor
Mar 17, 2025 01:19 PM IST The petition has been submitted before the NCLT’s Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor. Shares of Ola Electric Mobility Ltd tanked over 7 per cent on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd…
More Troubles for Ola! Bhavish Aggarwal’s EV Maker Faces Insolvency Petitions Over ‘Unpaid Dues’
“We wish to inform you that a petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by M/s. Rosmerta Digital Services Limited, an Operational Creditor of Ola Electric Technologies Private Limited, a wholly owned subsidiary of Ola Electric Mobility Limited (“the Company”),” the exchange filing read. Read the original…
Trouble for Ola Electric? Subsidiary hit with insolvency plea – Bike News
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…
Ola Electric Mobility share price drops below ₹50 after stock falls 6% on Monday
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…
Liquidators investigate whether failed student agency improperly moved funds out of Australia
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 Share Price Decline by 4% Amid Insolvency Petition
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 shares hits 52-week low, subsidiary faces insolvency petition
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…
Ola Electric shares fall over 6% amid insolvency petitions by vendors — TradingView News
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…