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PV Krishna Reddy, managing director of MEIL, is seeking 1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the buyout of his uncle's 51% stake in the company. The deal, valued at 12,000-15,000 crore, aims to consolidate Krishna Reddy's ownership.
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News and Media
Ola Electric shares surged 20% following better-than-expected Q1 results, showcasing narrowed losses and improved margins. Revenue increased to 828 crore, driven by successful Gen 3 scooter launches. Despite a bullish outlook and retail investor interest, analysts advise caution due to market share competition and past overly optimistic guidance, suggesting a high-risk profile for the stock.
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News and Media
A Motilal Oswal Asset Management study reveals that timing SIP investments to capture monthly lows in the Nifty 500 index yields minimal return differences over long periods, specifically 10 years. While short-term gains are possible, the advantage diminishes significantly as the investment horizon extends to 15, 20, or 25 years.
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News and Media
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