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Sebi issues warning to Ola Electric for breaching disclosure regulations

share-iconThursday, January 09 comment-icon1 week ago 7 views
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indiatimesINDIATIMES
Sebi issues warning to Ola Electric for breaching disclosure regulations

Credited from: INDIATIMES

  • Sebi has issued a warning to Ola Electric for breaching disclosure norms.
  • The violation occurred when Ola's founder, Bhavish Aggarwal, revealed expansion plans on social media before informing stock exchanges.
  • The announcement, made on December 2, stated plans to increase store locations from 800 to 4,000 by the end of December.
  • This incident contravenes market regulations meant to ensure timely dissemination of price-sensitive information.
  • Sebi's letter to Ola highlighted multiple violations and urged the company to enhance compliance standards to prevent future lapses.

For more details, visit the original article here.

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Sebi Ola electric Disclosure norms Bhavish aggarwal Market regulations Expansion plans
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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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