Ola Electric eyes IPO by 2023-end; appoints Kotak Mahindra, Goldman Sachs as financial advisors2 min read 25 May 2023, 03:06 PM IST
Backed by investors such as SoftBank Group Corp and Tiger Global Management, Ola Electric was valued at $5 billion in its last fundraise in 2022.
Ola Electric is planning a stock market listing by the end of this year, and has engaged investment banks Goldman Sachs and Kotak Mahindra to manage the share sale, according to a report by news agency Reuters. More investment banks are likely to be added closer to the deal.
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