Shares of Ola Electrical Mobility Ltd surged 5% to the touch a day’s excessive of Rs 43.57 on 14th July.
In the meantime, the Maharashtra State Transport Division has flagged issues over the corporate’s operations within the state, stating that round 350 retailers are operating with out correct licences or permissions.
The Maharashtra State Transport Commissioner stated the division obtained a number of complaints about round 350 Ola Electrical shops working with out correct licences or permissions within the state.
Motion has already been taken in opposition to some retailers, and Ola has been requested to use for the required approvals to proceed working.
Authorities have made it clear that these shops can solely resume operations as soon as all mandatory licences are obtained. A proper report and response from Ola Electrical is predicted by the tip of the day.
At 11:54 AM, the shares of Ola Electrical had been buying and selling 3.07% greater at Rs 41.02 on NSE.
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