9/9/2024, 11:19:04 am

Ola Electric shares fall 4% as lock-in ends for 18 crore shares

The anchor lock-in period for 50% of Ola Electric Mobility's shares, totalling 18.18 cr or 4% of the company's outstanding shares, ended on Friday, September 6. Following this, the company's shares dropped 4%, hitting a day's low of Rs 105.10 on the BSE on Monday. The end of the anchor lock-in period implies that 18.18 shares that were locked in by anchor investors have now become free to trade.