Markets regulator Sebi warns Ola Electric for violating disclosure norms

Markets regulator Securities and Exchange Board of India (Sebi) has pulled up Ola Electric Mobility in an administrative warning letter over disclosure violations. Ola Electric received the letter on January 7 via email, the company informed the exchanges. According to the letter issued by Sebi, the electric vehicle manufacturer announced its expansion plans on microblogging platform X (formerly Twitter), before informing the exchanges. However, the warning has no material impact on the company's financials, Ola Electric said.