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Ola Electric files for IPO

New Delhi, December 22 Electric two-wheeler company Ola Electric on Friday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The proposed IPO is a fresh issue of equity shares up to Rs...

PTI

Updated At : 02:45 PM Dec 23, 2023 IST

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New Delhi, December 22

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Electric two-wheeler company Ola Electric on Friday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.

The proposed IPO is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares, according to the draft red herring prospectus.

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