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Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.
Vanguard disclosed a 51.6% reduction in the value of its shares in ANI Technologies, Ola's holding firm, as of the end of May 2023.
Leading US asset manager Vanguard has further slashed its holding in ride-hailing major Ola by more than half, which takes Bhavish Aggarwal
New Delhi, July 28 (IANS) IPO-bound Ola Electric has reportedly recorded an operating loss of $136 million (roughly Rs 1,116 crore) and revenue of $335
IPO-bound Ola Electric has reportedly recorded an operating loss of $136 million (roughly Rs 1,116 crore) and revenue of $335 million (roughly Rs 2,750 crore), missing its revenue goal disclosed publicly.The company reported sales of over ...