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  2. Financial

India's Ola Cabs plans $500 mln IPO, to appoint banks soon

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19 April 2024
Financial
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FILE PHOTO: Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File PhotoDeals

Reuters exclusively reported[1] that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion.

Market Impact

This is Ola’s second attempt at an IPO, after a 2021

Read more https://www.reutersagency.com/en/reutersbest/article/indias-ola-cabs-plans-500-mln-ipo-to-appoint-banks-soon/

  • Previous Article UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive
  • Next Article UBS shuts some China private funds, will lay off staff

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