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India

Ola Electric, India plans to reallocate its IPO funds from R&D to growth capex and debt repayment

On March 18, 2026, Ola Electric’s board approved a proposal to change the use of part of its IPO proceeds and extend the utilisation timeline, subject to shareholder approval.
Under the plan, INR 5.75 billion will be shifted out of “research and product development” and reallocated as INR 1 billion to “organic growth....

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