Ola Electric Mobility Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
OLAELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ola Electric has issued a formal clarification in response to media reports titled 'Ola Electric Likely in SEBI Crosshairs Over Alleged Insider Trading.' The company states the article contains factual inaccuracies. It clarifies that the individual named is an employee of Ola Electric Technologies Private Limited (a separate group entity), not of the listed company, and merely holds ESOPs in Ola Electric Mobility Limited. The trades in question were routine transactions carried out by exercising these ESOPs, not open market purchases. The filing was made under SEBI's Regulation 30(11), which requires listed companies to verify or deny market rumours.
The company is actively pushing back against negative media coverage to protect its reputation, but the underlying rumour around insider trading may still create short-term uncertainty and weigh on investor sentiment until the matter is fully put to rest.