Ola Electric aims to raise Rs 5,500 cr through IPO

New Delhi, June 20 Electric two-wheeler company Ola Electric Mobility’s proposed Rs 5,500 crore IPO has received the go-ahead from Sebi, paving way for the company to tap the market with a significant part of the proceeds to be used...

PTI

Updated At : 01:27 PM Jun 21, 2024 IST

New Delhi, June 20

Electric two-wheeler company Ola Electric Mobility’s proposed Rs 5,500 crore IPO has received the go-ahead from Sebi, paving way for the company to tap the market with a significant part of the proceeds to be used on capacity expansion of its cell manufacturing plant and revving up R&D.

Ola Electric as well as Bain Capital-backed Emcure Pharmaceuticals received Sebi’s approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles