Mobility

Ola Electric Mobility Share Price Reaches Three-Week Low As Anchor Investors Ready To Offload Stake

.Portions of Ola Electric Movement Ltd. dipped to over three-week low on Monday, as support real estate investors are readied to sell portions. In the preliminary of portion sale, support investors will release 18.17 crore allotments or 4.08% of its own complete equity. Support investors are demanded to hold stake for a lowest of 1 month. They may sell up to fifty% of their present holding. The upcoming around of anchor book is accessible offer for sale on Nov. 8. Ola Electric Movement sell specified standard on Aug. 9, compared to an issue price of Rs 76 each. On the directory time, the inventory ended 20% higher at Rs 91.2 apiece on the National Stock Market.