Mumbai, July 6 (IANS) Ola Electric Mobility shares fell more than 5 per cent in intra-day trade on Monday, after a report said two suppliers of its operating arm had approached the National Company Law Tribunal (NCLT) seeking insolvency proceedings over alleged unpaid dues exceeding Rs 40 crore.Ola Electric share price dropped as much as 5.3 per cent to an intra-day low of Rs 42.10 apiece.At noon, the stock was trading 5.02 per cent lower, even as the benchmark Nifty index was up 0.78 per cent.A…
Latest Ola Electric Mobility News & Updates
New Delhi, June 4 (IANS) Ola Consumer (formerly known as Ola Cabs) has suffered a sharp valuation cut after funds managed by US investment giant Vanguard Group reduced the fair value of its parent company — ANI Technologies — to just $70 million, as per multiple reports.Reports said that the markdown — based on the firm’s latest filing with the US Securities and Exchange Commission (SEC) — indicated a decline of nearly 99 per cent from the company’s peak valuation of $7.3 billion.The lates…
New Delhi, Jan 29 (IANS) Mounting frustration among Ola Electric scooter owners has once again put the spotlight on the company’s after-sales service, even as its shares continue to slide sharply on the stock market.Users have taken to social media platform X to complain about prolonged delays in repairs, towing and inspections, despite their vehicles being under warranty and covered by Ola Care+.In one such post, a Noida-based user said his Ola S1 Pro has been non-functional for the past thre…