Ola Electric Slides 5% After Board Clears Fundraising Plan

Ola Electric Shares fell to INR 50.26 on the BSE, closer to its lower circuit limit of INR 50.21

The electric vehicle maker’s board recently approved a proposal to raise INR 1500 Cr

Ola said that it would raise the fresh INR 1,500 Cr via issuance of equity shares and/ or convertible securities through further public offer, rights issue, QIPs, private placement, and more modes

Shares of EV maker Ola Electric tumbled nearly 5% during the intraday trading on the BSE today. On Saturday (October 25), the company’s…