Ola Electric Receives IPO Fund Approval; Stock Continues Slide

Ola Electric, a company that makes electric vehicles, got permission from its shareholders to use money raised from its IPO in a different way.

The company plans to use the money for growth, paying off debt, and general business operations.

The company's stock price went down for two days in a row.

Because the price is changing a lot, the stock is being watched closely by the stock exchange.

The company also showed off some new products, like a new motor and scooter models.