Ola Electric to open IPO to retail investors on August 2

Indian electric scooter maker Ola Electric's initial public offering will open for retail subscription on Friday, the company said in a filing with the stock market regulator on Saturday. The Bhavish Aggarwal-led electric vehicle firm is expected to raise Rs 5,500 crore in fresh capital via the IPO, apart from the offer-for-sale (OFS) component.
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