Mobility

Ola Electric Flexibility Allotment Price Hits Three-Week Low As Anchor Investors Ready To Unload Stake

.Reveals of Ola Electric Wheelchair Ltd. went down to over three-week low on Monday, as support clients are actually readied to sell shares. In the first round of allotment purchase, anchor financiers will launch 18.17 crore portions or even 4.08% of its own total equity. Anchor investors are required to keep concern for a minimum of thirty days. They can market up to 50% of their present holding. The next sphere of anchor manual is actually readily available available on Nov. 8. Ola Electric Movement inventory detailed level on Aug. 9, matched up to an issue rate of Rs 76 apiece. On the directory time, the inventory ended twenty% much higher at Rs 91.2 each on the National Stock Exchange.