HomeNewsBusinessStartupVanguard marks down Ola again, pegs fair value at $3.5 bn

Vanguard marks down Ola again, pegs fair value at $3.5 bn

Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.

Bengaluru / August 01, 2023 / 22:37 IST
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Vanguard values Ola at $3.5 bn
Vanguard has slashed the fair value of Ola for the second time in three months.
Moneycontrol News
first published: Aug 1, 2023 10:14 pm

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