Ola Electrical Mobility Restricted has created a play on promoter stocks, which is able to change non-disposable enterprise (NDU) previous. This company motion contains 10,71,70,404 fairness stocks of the corporate.
Promoter has created a play (“Encumbrance”) at the goal corporate’s 10,71,70,404 fairness stocks, which is two.43 % of the objective corporate’s fairness proportion capital, which is 8.09 % of the promoter stocks in desire of Axis Trustee Products and services Restricted (for the ease: (a) avendusus construction from the promoter stocks (for advantages: (a) Avendusus Construction from (A) Avendusus Construction Credit score Fund II, (b) Avendus Finance Non-public Restricted, (c) Increded Credit score Alternatives Fund I, (d) Increded Credit score Alternatives Fund II, and (E) India Credit score Alternatives Fund II and/or or or-time. Transformation).
This play is designed to exchange the present NDU on NDU shares, and the NDU stocks will probably be launched at the crowning glory of the Play Advent Procedure.
Encumbrance on NDU stocks used to be reported to the involved inventory exchanges in the course of the revelations of December 02, 2024 and 06 March 2025.
All through the transitional length, the encumbrance can briefly seem within the depository and inventory alternate data two times till the discharge of the NDU turns into totally efficient and updates within the involved device.
This knowledge can be made to be had at the corporate’s site and may also be accessed the usage of the hyperlink underneath:
Harish Abichandani, Leader Monetary Officer, is a certified signator for this announcement.
Registered Deal with: Wing C, Prests RMZ Strettech, Hosur Street, Municipal Ward No. 67, Municipal Quantity 140, Commercial Structure, Koramangala,
Bengaluru – 560095, Karnataka, India.