Paytm Founder Vijay Shekhar Sharma, Film Director Zoya Akhtar, and Actor Farhan Akhtar Retain Shares in Ola Electric Ahead of Rs 5,500 Crore IPO
In a strategic move reflecting confidence in the company’s prospects, Vijay Shekhar Sharma, the founder of Paytm, along with acclaimed film director Zoya Akhtar and her brother, renowned actor Farhan Akhtar, have decided not to sell their shares in Ola Electric’s highly anticipated Rs 5,500 crore Initial Public Offering (IPO).
According to a report by Moneycontrol, these prominent investors have chosen to retain their stakes in the company.
Sharma and the Akhtar siblings joined Ola Electric’s cap table in 2021, showcasing their early belief in the company’s vision for revolutionizing the electric vehicle industry in India.
The report highlighted that Sharma and the Akhtar siblings are currently experiencing a significant gain of 26% on their investments, with the shares priced at the upper end of the price band, ranging between Rs 72 and Rs 76 per share.
This decision underscores their long-term commitment to Ola Electric and their confidence in the company’s growth trajectory.
As the IPO approaches, market analysts and potential investors are keenly observing the developments, anticipating a strong performance driven by the support of such high-profile stakeholders.
Ola Electric’s journey towards becoming a major player in the electric vehicle market is bolstered by the backing of influential investors like Sharma and the Akhtar siblings.
Their decision to hold onto their shares not only reflects their trust in the company’s leadership and strategy but also signals a positive outlook for the company’s future in the burgeoning EV sector.
The forthcoming IPO is expected to attract significant attention from the market, with many viewing it as a landmark event in India’s transition to sustainable transportation solutions.
