Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market Ola Electric eyes Rs 6,000 crore in 1st auto IPO since Maruti

Ola Electric eyes Rs 6,000 crore in 1st auto IPO since Maruti

Ola Electric’s Rs 6,146-crore IPO, the largest this year, opened on Aug 2 and closed on Aug 6. The company sought to raise Rs 5,500 crore through a fresh share issuance, with the rest coming from existing shareholders. Despite a lower-than-expected valuation of $4 billion, founder Bhavish Aggarwal remains optimistic about the EV market’s growth.

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