India's Ola Electric extends losses after CFO resigns

Ola Electric Mobility

20/01/2026 04:35

** Shares of Ola Electric Mobility OLAE.NS fall 3.7% to 34.7 rupees, lowest in nearly a month

** Electric vehicle maker's CFO Harish Abichandani resigns due to personal reasons

** Co names Deepak Rastogi as new CFO

** Stock down for the 10th consecutive session; it fell 57.7% in 2025

** Stock rated "hold" on avg; median PT 46 rupees - data compiled by LSEG

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))