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Ola Electric opens QIP, sets floor price at Rs 37.74/share
Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ₹37.74 per equity share. This fundraising initiative aims to bolster the company amidst slowing sales and market share pressures in the electric two-wheeler sector. The move follows a recent ₹2,000 crore investment into its subsidiaries for enhanced localization and vertical integration.
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economictimes.indiatimes.com
Ola Electric launches QIP to raise funds, sets floor price at Rs 37.74 a share
Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the…
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Ola Electric launches QIP, sets floor price at Rs 37.74 - The Economic Times
Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking…
