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Ola plans to raise $250 million soon

Ola plans to raise $250 million soon

Wednesday, April 12, 2017, 10:44 AM

Indian online transportation network company Ola is going ahead with its plan to raise $250 million from existing shareholders as a part of its initiative to take on the competition from US-headquartered rival Uber. According to the documents filed with the Registrar of Companies (RoC), Ola plans to sell about 1.3 million preferential shares at Rs 12,905 each in a rights issue to shareholders.
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