Mobility

Ola Electric Movement Allotment Rate Hits Three-Week Low As Anchor Investors Set To Unload Concern

.Shares of Ola Electric Mobility Ltd. declined to over three-week short on Monday, as anchor capitalists are set to market allotments. In the first round of reveal sale, anchor capitalists will definitely discharge 18.17 crore allotments or 4.08% of its own overall equity. Anchor investors are needed to hold risk for a minimum required of 30 days. They can easily offer up to fifty% of their current holding. The next sphere of anchor publication is on call up for sale on Nov. 8. Ola Electric Flexibility sell listed flat on Aug. 9, matched up to a problem price of Rs 76 each. On the list day, the stock finished 20% greater at Rs 91.2 each on the National Stock Market.

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