Ola Electric Mobility’s shares dropped 2% on December 4, 2024, following a fresh communication from the Central Consumer Protection Authority (CCPA).
This marks the latest development in an ongoing regulatory matter, as the CCPA previously issued a Show Cause Notice to the company. The new notice requests additional documents and information related to Ola Electric’s earlier response.
Ola Electric is committed to complying with the CCPA’s requirements and has been given a 15-day deadline to submit the requested details.
Ola shares opened at ₹96.90, reaching a high of ₹98.30 and a low of ₹96.25 today. With a 52-week high of ₹157.40 and a low of ₹66.66, Ola’s stock shows significant volatility.
As of 10:43 am, Ola Electric shares were trading 2.00% lower at Rs 96.55 on the NSE.
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