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Sebi Warns Ola Electric Over Lapses in Disclosure Norms
January 09, 2025
|The New Indian Express Kottayam
MARKETS regulator Sebi on Wednesday issued an administrative warning to electric two-wheeler maker Ola Electric Mobility for violating disclosure norms.
The company went public last August in an initial share sale that raised 6,145.56 crore. However, since then the company has been losing its market share continuously.
Following the news, Ola Electric shares fell 4% to ₹76.14 but later recovered and closed flat at ₹79.54.
The warning came after Bhavish Aggarwal, chairman and MD of the firm, had on December 2, 2024, shared details of Ola's plans for a four-fold expansion of its retail points on a social media platform, and not after disclosing to the exchanges.
هذه القصة من طبعة January 09, 2025 من The New Indian Express Kottayam.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The New Indian Express Kottayam
The New Indian Express Kottayam
Don’t buy, sell unlisted stocks through unrecognised platforms, warns SEBI
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S India is greying at a faster clip, it is witnessing a worrying rise in the abuse of elders.
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Tesla opens experience centre in Hyderabad
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CJI calls cyber criminals ‘parasites’, says they must be locked in prisons
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‘Op Tiger’ likely to boost Shinde Sena stake in NDA
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AIR should run hyperlocal content to reach large section of people: Vaishnaw
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1 mins
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CARTOGRAPHY OF INDIA'S FUTURE
N his one-paragraph fable ‘On Exactitude in Science’, Jorge Luis Borges imagines an empire whose cartographers become so obsessed with accuracy that they produce a map as large as the empire itself.
3 mins
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No doubt about Maharana Pratap’s victory in Battle of Haldighati: RSS
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