Ola Electric to face investor pushback on valuation for upcoming IPO

Quick Summary:

A representative for Bengaluru-based Ola Electric didn’t immediately respond to a request for comment.

The IPO is part of the company’s ambitious plans to expand into battery-powered cars and EV cells.

At $5 billion, Ola Electric’s current investors may opt not to sell existing shares in the company, the people said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: SoftBank Stock market Valuation IPOs Ola electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 23:09:39 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 21331264

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