Ola Electric Raises ₹600 Crore Through Partly Paid Shares
Ola Electric allotted 37.03 crore partly paid-up shares at ₹27 apiece, collecting ₹599.84 crore. Shareholders must contribute another ₹399.89 crore. October registrations fell to 12,096 while India’s electric two-wheeler market expanded.
Ola Electric on Monday allotted 37.03 crore partly paid-up shares at ₹27 apiece, collecting ₹599.84 crore from shareholders who must contribute another ₹399.89 crore, even as its October registrations fell 10.1 per cent to 12,096 while India’s electric two-wheeler market expanded 7.3 per cent to a…