SEBI warning to Ola Electric
The SEBI has issued a stern warning to Ola Electric Mobility Limited for violating disclosure norms by announcing expansion plans on social media before informing stock exchanges.
SEBI sent an administrative warning letter to the electric vehicle manufacturer on January 7, citing multiple violations of listing and disclosure regulations.
The company’s Chairman and CEO Bhavish Aggarwal had posted about plans for a four-fold expansion of company-owned stores on X