Sebi warns Ola Electric over disclosure norms breach

Sebi warned Ola Electric after founder Bhavish Aggarwal posted on social media about expansion plans before notifying stock exchanges. Aggarwal announced the target to expand retail stores from 800 to 4,000 by December 20, breaching regulations on timely disclosure of price-sensitive information.

Jan 9, 2025 - 07:00

Sebi warns Ola Electric over disclosure norms breach

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Sebi warned Ola Electric after founder Bhavish Aggarwal posted on social media about expansion plans before notifying stock exchanges. Aggarwal announced the target to expand retail stores from 800 to 4,000 by December 20, breaching regulations on timely disclosure of price-sensitive information.