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Nona Lifestyle entered into a business relationship with Zomato to supply uniforms for its employees and delivery partners, including merchandise for the ICC World Cup 2023. The company had planned a campaign during the World Cup. As per the petition, Zomato placed multiple orders for various apparel items, including rider t-shirts, trousers and World Cup…
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…
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…
Ola Electric shares hit record low after unit faces insolvency petition MSN Read the original article here
Ola Electric shares hit record low after insolvency petition Tech in Asia Read the original article here
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…
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…
“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…