Mobility

Ola Electric Movement Allotment Cost Reaches Three-Week Low As Anchor Investors Set To Offload Stake

.Shares of Ola Electric Range of motion Ltd. declined to over three-week low on Monday, as support clients are set to sell portions. In the first round of allotment sale, support entrepreneurs will discharge 18.17 crore shares or 4.08% of its own total equity. Anchor investors are actually demanded to keep stake for a minimum required of 1 month. They may sell up to 50% of their current holding. The next around of support book is actually offered for sale on Nov. 8. Ola Electric Range of motion inventory provided flat on Aug. 9, compared to a concern price of Rs 76 apiece. On the list day, the sell finished 20% greater at Rs 91.2 each on the National Stock Exchange.