HighNegative
Announced Tue, 7 Jul · 12:08 IST

Ola Electric share price dips amid fresh insolvency row. Do you own?

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ola Electric Mobility share price fell over 0.80 percent to ₹42.05 on NSE, marking a third straight session of decline with a cumulative drop of over 5 percent. Two key suppliers, Sterling E-Mobility Solutions and Anevolve Mando eMobility, have approached the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Ola Electric Technologies over unpaid dues exceeding ₹40 crore, comprising ₹29.8 crore owed to Sterling and ₹10.8 crore to Anevolve, unpaid for over 45 days.