Ola Electric prices institutional portion of IPO at 76 rupees/shr, term sheet shows




India's Ola Electric has priced the institutional portion of its initial public offering (IPO) at 76 rupees ($0.9076) per share to raise $330 million, according to a term sheet seen by Reuters.

The electric scooter maker plans to raise $734 million in the deal which will be the largest Indian IPO so far in 2024.

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