Financial reports and press releases from Ola Electric and stock exchanges

Ola Electric Secures Sebi Nod for Rs 5,500 Crore IPO, Eyes $7-8 Billion Valuation

Jun 11, 2024, 11:34 AM

Ola Electric has secured approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The Bengaluru-based electric vehicle company aims to raise Rs 5,500 crore through the IPO, with a potential valuation of $7-8 billion. The listing is expected to happen within a month.