Ola Electric, backed by SoftBank, set to open its IPO for retail subscription on August 2 to raise Rs 5,500 crore, marking India’s first EV startup IPO.
The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6
The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of
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