The warning pertains to the company sharing its expansion plans on the social media before informing investors through exchange filings. Ola received the letter late on Tuesday via an email, it informed the exchanges.
Following the development, the stock fell more than 5% to ₹75.20 on the BSE in early trade on Wednesday. However, shares recovered after the company said the warning letter has no material impact on its financials. The stock closed higher by 0.48% to ₹79.54.
This story is from the January 09, 2025 edition of Financial Express Lucknow.
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This story is from the January 09, 2025 edition of Financial Express Lucknow.
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