Shares of Ola Electrical Mobility Ltd are buying and selling flat after hitting a day’s excessive of Rs 49.32 on 2nd Might.
SEBI has reportedly launched a probe into alleged insider buying and selling and associated get together transactions by Ola Electrical between October and December 2024.
The investigation follows questions over the accuracy of Ola’s February 2025 gross sales disclosures. VAHAN portal information confirmed gross sales of 8,600 items and an 11.4% market share, whereas the corporate claimed 25,000 items offered and a 28% share.
This discrepancy prompted emails from the Ministry of Heavy Industries and the Ministry of Street Transport, in search of clarification.
Ola Electrical additionally obtained notices from 4 states concerning commerce certificates at sure shops and mentioned it’s responding.
Individually, studies claimed over 100 showrooms in Maharashtra have been ordered shut, although Ola denied receiving any such discover.
At 1:17 PM, the shares of Ola Electrical have been buying and selling 0.53% decrease at Rs 48.43 on NSE.
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