Mobility

Ola Electric Movement Share Cost Attacks Three-Week Low As Anchor Investors Ready To Offload Stake

.Shares of Ola Electric Range of motion Ltd. fell to over three-week low on Monday, as anchor investors are set to market allotments. In the preliminary of reveal purchase, support entrepreneurs are going to release 18.17 crore allotments or 4.08% of its overall equity. Anchor investors are actually required to keep stake for a minimum required of 30 days. They can easily sell up to 50% of their present holding. The next round of anchor book is actually offered available for sale on Nov. 8. Ola Electric Range of motion stock listed flat on Aug. 9, matched up to an issue price of Rs 76 apiece. On the listing day, the stock finished 20% much higher at Rs 91.2 apiece on the National Stock Market.

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