SEBI ‘warning’ letter on social media to Ola CEO Bhavish Aggarwal: You have failed to …
SEBI warned Ola Electric for violating disclosure norms by announcing expansion plans on social media before notifying the stock exchanges. Bhavish Aggarwal posted about the store expansion on X hours before informing BSE and NSE. Ola faces potential enforcement action if compliance standards aren't improved. This occurs amidst other regulatory challenges for the company.
SEBI warned Ola Electric for violating disclosure norms by announcing expansion plans on social media before notifying the stock exchanges. Bhavish Aggarwal posted about the store expansion on X hours before informing BSE and NSE. Ola faces potential enforcement action if compliance standards aren't improved. This occurs amidst other regulatory challenges for the company.
