Ola Electric Mobility Ltd. was warned by India’s markets regulator against posting company updates on social media before disseminating information to its investors.

India's markets regulator has sent a warning letter to Ola Electric for sharing information on social media before disclosing it to investors, adding to a long line of troubles for the electric two-wheeler maker.

The Securities and Exchange Board of India (Sebi) warned Ola Electric Mobility for breaching disclosure norms by announcing its expansion plans on social media before notifying stock exchanges.In a letter dated January 7,

The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Ola Electric Mobility for violating disclosure norms. The company received the letter on January 7, according to its communication with the exchanges.

Ola Electric recently revealed its expansion plans with new showrooms through social media posts which irked the regulator.

The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations

That founder billionaire Bhavish Aggarwal chose to announce Ola Electric’s expansion plans on social media first and not on the exchanges didn’t sit well with SEBI.

Ola Electric Mobility shares fell 3.8% after SEBI issued a warning for violating disclosure norms. The warning was given due to early announcement of a planned store network expansion. The Karnataka High Court also granted Ola an extension to respond to CCPA.

India's markets regulator has warned Ola Electric against sharing company-related information on social media before disclosing it to investors, adding to a slew of problems for the electric two-wheeler maker.

Ola Electric Mobility, one of India's leading electric vehicle makers, has come under scrutiny from the Securities and Exchange Board of India (SEBI) for breaching disclosure norms. The market regulator issued a stern warning to the company after