Ola Electric reallocates ₹575 crore from its IPO proceeds, reducing R&D funding to bolster its balance sheet and increase ...

Ola Electric’s board has approved a second major reallocation of its ₹5,500 crore IPO proceeds, diverting ₹575 crore from Research & Development (R&D) to debt repayment and organic growth.

Ola Electric is diverting ₹575 crore from its R&D budget to service debt as sales and revenue plummet. This second reallocation of IPO funds highlights deepening financial stress amid rising market ...

Ola Electric's board has approved reallocating ₹575 Cr from its research and product development budget to other objectives ...

Ola Electric shares plunged 16 per cent today to hit a record low of ₹21.21. The stock is down 86 per cent from its peak as ...

OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. This comes on the back of the ...

Walmart-backed fintech decacorn PhonePe has hit pause on its IPO plans, blaming the war in West Asia for its decision.