Editor
Ola Electric Mobility’s shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world’s largest market for two-wheelers.
The stock had listed flat to its initial public offering (IPO) price of 76 rupees before rising to 91.20 rupees in a broader market that was up 1%.
Ola Electric’s $734 million IPO is India’s biggest so far in 2024….
