Ola Electric has filed its draft purple herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). The firm is trying to elevate as much as Rs 5,500 crore via recent situation of shares, with an offer-for-sale (OFS) element of 95.2 million shares.
The firm’s founder and CEO Bhavish Aggarwal will promote as much as 47.4 million shares within the IPO, with different promoting shareholders being Matrix Partners, Tiger Global, SoftBank Vision Fund, Alpha Wave Global and Tekne Private Ventures.
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Source: economictimes.indiatimes.com