Ola Electric Mobility shares drop 4% as 3-month lock-in period expires today

  • Posted on November 5, 2024
  • By Business News Today
  • 3 Views
Ola Electric Mobility shares drop 4% as 3-month lock-in period expires today

Ola Electric Mobility's shares dipped 4% as an 18.2 crore share lock-in period ended, allowing certain investors to sell their previously restricted shares. This lock-in period, common after IPOs, aims to stabilize stock prices. The company's shares, despite a recent surge, have experienced declines over the past month. An upcoming board meeting will address financial results.
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