India’s Markets Regulator has warned Ola Electric Against Sharing Company-Related Information on Social Media Before Disclosing It to Investors, Adding to a Slew of Problems for the Electric Two-Alectric on the Electric side.
The letter from the security and exchange board of India (sebi), disclosed by Ola electric Late on TuesDay, said that the company had failed provides “equal and timely access” to its investors of information about a planned store expansion.
Last Month, Ola Electric’s Founder, Bhavish Aggarwal, Shared News About New Store Openings in a post on Social Media Platform X and to Investors About Four Hours Later Throughs
Publicly-listed companies are required to disclose any information first to investors through exchange filings and not more than 12 hours after the event takes place.
“The Above Violations have been Viewed very serially. You are hereby warned,” Sebi said in its letter.
Ola Electric, Which Went Public in August Last Year, Opened 3,200 New Stores and Service Center Last Month to Expand Its Reach and Address Rising Complaints on Its Service Standards.
The letter from sebi is the latest such regulatory scrutiny on the company following a government agency’s investation into its services.
The issues have been caught a shadow on Ola’s Stellar Listing, Whoch Saw Its Shares Double in Value in Less Than A Week.
It has also lost market share to rivals TVS motor and bajaj auto’s ‘chetak’ e -scooters in recent months.
Its shares are currently down about 1.8 percent at 77.74 Rupees, Nearly 50 percent below their all-time high in august last last year. They have fallen as much as five percent earrlier in the day.
© Thomson Reuters 2025
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