Ola Electric Receives SEBI Approval for $740 Million IPO - Funding Raised

Ola Electric Receives SEBI Approval for $740 Million IPO

Ola Electric gained SEBI approval for its IPO, aiming to raise Rs 6,146 crore ($740 million) Aprox, including a fresh issue of Rs 5,500 crore and an offer for sale of Rs 646 crore. The IPO, priced at Rs 72-76 per share, open for retail investors on August 2 and closes on August 6, 2024.

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