Ola Electric
Ola Electric stock tanks 4.5% after CFO resignation—10th day of losses!
Mumbai/IBNS: Shares of Ola Electric Mobility Ltd. fell over 4.5% on Tuesday, marking the 10th consecutive session of losses, media reports said.
The stock declined further after the company announced that CFO Harish Abichandani stepped down on Monday.
Abichandani’s resignation was effective immediately, and he was discharged from his duties by the end of the day.
Deepak Rastogi has been appointed as the new CFO, succeeding Abichandani, who cited personal reasons for his departure.
Ola Electric’s stock has struggled since its listing, currently trading at around half the IPO price of Rs 76 per share and 78% below its post-listing high of Rs 157.
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