fintech / news / / Livemint
The board approval comes after S&P Global Ratings and Moody's Investors Service flagged the company’s declining cash position.
Ola Consumer’s board has approved an IPO, but no public move has yet been made.
KEY POINTS
- Ola's net worth dropped 57% in FY25, mainly due to operating losses and Ola Electric’s share decline.
- Ola Consumer’s cash and bank balances almost halved to ₹652.8 crore by March 2025 from last year.
- Ola's market share in cab services fell to 20-25% in 2024, down from 40-45% in 2023.
- ANI Tech risks CCPS holders exercising exit rights if IPO deadlines are not met.
COMPANIES
Summarized by Newsio from Livemint. How we summarize →