Ola Electric’s shares surge in trading debut, company valued at $4.4 billion
Ola Electric Mobility, backed by SoftBank, witnessed a 10% increase in its shares during its trading debut on Friday. The company’s valuation reached 369.45 billion rupees ($4.40 billion), marking the first stock offering by a pure-play electric vehicle maker in India.The stock opened at 76 rupees on the National Stock Exchange, remaining flat compared to…