Mobility

Ola Electric Mobility Allotment Cost Hits Three-Week Low As Anchor Investors Set To Unload Stake

.Shares of Ola Electric Mobility Ltd. lowered to over three-week low on Monday, as support capitalists are actually set to offer reveals. In the preliminary of portion sale, anchor investors will certainly release 18.17 crore portions or even 4.08% of its overall equity. Anchor financiers are needed to hold stake for a minimum of 1 month. They may sell up to fifty% of their present holding. The next around of support publication is actually on call offer for sale on Nov. 8. Ola Electric Movement inventory provided level on Aug. 9, matched up to a concern cost of Rs 76 apiece. On the listing time, the inventory ended 20% higher at Rs 91.2 each on the National Stock Market.

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