India's ride-hailing firm Ola has plans to go public next year — but, a final date for the initial public offering has yet to be decided, chairman and group CEO Bhavish Aggarwal told CNBC.
He said both Ola and Ola Electric — the company's electric-vehicle arm — have adequate capital and strong balance sheets.Street Signs Asia"But, both companies in due course will go public. Ola will obviously go public sooner, it's a more mature business — sometime next year, but we don't have any final, final date to share with everybody," Aggarwal added.
that Plum Wood Investment, an affiliate of global private equity firm Warburg Pincus, and Singapore state investor Temasek were planning to invest $500 million into the company ahead of its IPO.
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