Ola Electric, Unit Hit and insolvency

India's Ola Electric shares hit record low as unit faces insolvency petition
(Reuters) -Shares of India's Ola Electric Mobility slid more than 6% to a record low on Monday after the company said one of its units faced an insolvency petition from a creditor. Its shares fell as much as 6.
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
A unit of Ola Electric Mobility Ltd. is facing insolvency petitions from two of its key vehicle registration service providers in India over unpaid dues, adding to the EV maker’s mounting troubles.
Ola Electric Mobility Shares Fall to New Low After Unit Hit With Insolvency Petition
Shares of Indian two-wheeler maker Ola Electric Mobility slumped to a record low after one of its units' creditors filed a petition in court alleging a default in payment. Shares fell to 46.94 rupees, equivalent to $0.54, on Monday, touching their lowest-ever intraday level. The stock was last down 6.7% at 47.15 rupees.
Ola Electric shares plunge 7% to hit 52-week low after insolvency petition filed against the EV-maker
Ola Electric's vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
Ola Electric Faces Insolvency Proceedings: Share Prices Plunge
Ola Electric Mobility Ltd's shares fell over 7% after a petition for insolvency proceedings was filed by Rosmerta Digital Services Ltd against its subsidiary, Ola Electric Technologies Pvt Ltd. The petition alleges payment defaults,
Ola Electric stock falls to record low as insolvency plea mounts pressure
Ola Electric Mobility Ltd. shares plummeted almost 8 per cent on Monday, touching a new all-time low of Rs 46.51 each. The fall followed after an insolvency petition was filed by Rosmerta Digital Services Pvt.
Ola electric subsidiary faces insolvency plea over payment default
Rosmerta Digital Services Ltd has filed an insolvency petition against Ola Electric Mobility’s subsidiary, Ola Electric Technologies, before the National Company Law Tribunal (NCLT), alleging that the electric two-wheeler maker has defaulted on payments for the services provided.
Ola Electric Faces Insolvency Proceedings Amidst Job Cuts
Ola Electric Mobility Ltd's shares fell over 7% following insolvency proceedings initiated by Rosmerta Digital Services Ltd against its subsidiary, Ola Electric Technologies Pvt Ltd. This comes as Ola Electric is also undertaking a restructuring exercise that involves cutting 1,
Ola Electric's Vendor Approaches NCLT Against Subsidiary Over Unpaid Dues, See What The Company Said
Rosmerta Digital Services Private Limited -- has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues. The vendor of Ola Electric Technologies Private Limited has approached the National Company Law Tribunal (NCLT) in Bengaluru,
Bhavish Aggarwal’s Ola Electric unit faces insolvency petitions over unpaid dues | Details
A unit of billionaire Bhavish Aggarwal's Ola Electric Mobility is facing two insolvency pleas from vehicle registration service providers over unpaid dues, Bloomberg reported. This adds to the EV maker's troubles,
Ola Electric Faces Insolvency Petition from Operational Creditor
Ola Electric Mobility Limited ( ($IN:OLAELEC) ) has shared an announcement. Ola Electric Mobility Limited has announced that a petition has been
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India's Ola Electric shares hit record low after unit faces insolvency petition
Shares of India's Ola Electric Mobility fell more than 3% to a record low on Monday, after the company said that one of its ...