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Ola Electric has officially secured approval from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO is valued at Rs 5,500 crore, and the company is targeting a $6 billion valuation through this public offering. The approval was confirmed on June 10, as per a notification from the market regulator, which included an observation letter. This development was internally reported by the Economic Times on June 11.
🚨NEW: @OlaElectric received an observation letter from Sebi regarding its IPO on June 10, according to a notification from the market regulator. ET had reported on June 11 about the approval being announced internally. w/ @digbijaymishra1 for @ETtech https://t.co/rUckqG3xjg
#OlaElectric secures #Sebi approval for Rs 5,500 crore #IPO https://t.co/0fqkVYN3Ju
#IPOCorner | Newsbreak confirmed, SEBI Clears @OlaElectric IPO https://t.co/JlxEPS34a3 https://t.co/PLHcjqdCjq
