The company will be eligible for incentives between 13 to 18 per cent under the PLI scheme for a maximum of five consecutive fiscal years
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Kotak Mahindra Capital Company, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, SBI Capital Markets, and BOB Capital Markets are the book running lead managers and Link Intime India is the registrar to the offer
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Ola Electric's last funding round in September, led by Singapore's investment firm Temasek, valued the company at USD 5.4 billion
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In a social media post, Aggarwal urged users to update their Ola apps to ensure a seamless experience with the new mapping service. He stated, "After Azure exit last month, we’ve now fully exited Google Maps"
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The company has now amassed over USD 1 billion in equity and debt, with its latest valuation at USD 5.5 billion
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