Ola Electric to raise ₹1,500 crore; COO Hyun Shik Park steps down
Ola Electric has greenlit a proposal to secure up to ₹1,500 crore by issuing equity shares or convertible securities, pending necessary regulatory and shareholder clearances. The capital raise may be executed via various methods, including a public offering, rights issue, private placement, QIP, or other authorized channels. In a separate development, the company announced that COO Hyun Shik Park resigned on September 5, noting personal reasons for his departure.
by shortkt.com✓