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
Ola Electric shares hit record low after unit faces insolvency petition Deccan Herald Read the original article here
India’s Ola Electric shares hit record low after unit faces insolvency petition MSN Read the original article here
India’s Ola Electric shares hit record low after unit faces insolvency petition MSN Read the original article here
Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action By IANS Investing.com India Read the original article here
Ola Electric share price slumped by almost 4% during Monday’s trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against its wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. In a regulatory submission, the company announced that M/s. Rosmerta Digital Services Ltd, which…