News > US investment firm Vanguard slashes Ola’s valuation by 35% to $4.8 billion
US investment firm Vanguard slashes Ola’s valuation by 35% to $4.8 billion
11/05/2023 11:05 PM | Click to read full article
US-based investment management company Vanguard has slashed the valuation of ANI technologies, the parent firm of Ola, by 35% to $4.8 billion, according to regulatory filings. Bengaluru-based firm Ola had previously been valued at $7.4 billion. Vanguard holds 1,85,355 shares, which accounts for 0.7 per cent stake in the ride-hailing firm. The value of Ola’s shares held by Vanguard Group fell to around $203.78 as of February 28, 2023, from $311.85 in August 31, 2022.
