Ola Electric’s shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor price of Rs 37.74 per equity share. The company aims to raise capital from institutional investors, while its Q4 net loss narrowed to Rs 500 crore. Despite revenue decline, Ola Electric anticipates order recovery and positive EBITDA in FY27.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets