Ola Electric Mobility shares jumped more than 2% in early trading after the firm stated that the Central Consumer Protection Authority’s (CCPA) show-cause notice “would not impact” its activities and that it will respond to the issue within 15 days.
On Monday, the company informed exchanges that it had received a show-cause notice from the CCPA. The notice, according to the company, “wouldn’t impact its financial, operational, or other business activities.”
As of 10:03 am, Ola Electric Mobility shares were trading 2.69% higher at Rs 97.98 on the NSE.
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