Ola Electric Plans First Fundraise Since IPO

The board of Ola Electric is scheduled to meet on May 22 to consider a proposal to raise funds via the issuance of NCDs

However, details such as the size of the round and the names of the investors are unknown

At 11:11 AM, shares of Ola Electric were trading at INR 52.01 apiece on the BSE, down 1.05% from the last close

Bhavish Aggarwal-led Ola Electric is considering raising fresh funds amid a decline in its stock price and mounting regulatory scrutiny over a potential…