Ola Electric files for IPO, to open on August 2

Quick Summary:

The IPO includes an offer for sale of 84.94 million shares by selling shareholders, including 37.9 million shares by founder and promoter Bhavish Aggarwal.

Prior to the IPO, Aggarwal held a 36.94% stake in the company which he founded in 2017.

The Economic Times reported that the IPO values the Bengaluru-based electric two-wheeler manufacturer between $4.2 billion to $4.4 billion.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Million Privacy Capital India Securities Shares Offer Policy Selling August Crore

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Published On: 2024-07-27 @ 13:03:14 (12 hours ago)

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