India’s version of Uber, Ola, is all set to raise another $100 million funding after successfully raising $250 million from its largest shareholder, Japan’s SoftBank Group Corp.
In a regulatory filing made to the Corporate Affairs Ministry under the Comapnies Act, the company said: “The board of directors of the company at their meeting held on 16 March 2017 proposed the infusion of additional funds up to $100 million, which is approximately Rs 670,00,07,046 by issuing 4,95,526 Series 1 preference shares of face value of Rs 10, at a price per subscription share equivalent to Read full story ›
Source: The Drum
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