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Ola targets IPO in three to four years

Cab-sharing service Ola will go public withing the next three to four years, said CEO Bhavish Aggarwal. The business was on track for the IPO and would go cash-positive "very soon," he added.
When asked if the IPO push was due to shareholders such as SoftBank and Temasek, Aggarwal said while the shareholders had a voice on the table, the company would take into account the opinions of all shareholders of Ola.
"Our focus has been to create a very impactful large business out of India, build a long-term stakeholder value not just shareholder value," he added.
"Our consumer should see value in us, our driver partners should see long-term value, they should see growth in their careers grow from one car to two cars to three cars and eventually we should have a story where the average Indian citizen can also have part of the value creation. So an IPO is a core part of our story," he further added.

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Reliance2,105.20 -15.80 -0.74
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NTPC118.50 -0.80 -0.67
CompanyPriceChng%Chng
Tata Motors295.55 -7.00 -2.31
Grasim1,549.50 -32.55 -2.06
Larsen1,611.75 -30.40 -1.85
Adani Ports680.05 -11.75 -1.70
Tech Mahindra1,131.00 -17.60 -1.53
CompanyPriceChng%Chng
Larsen1,612.00 -29.55 -1.80
HUL2,359.25 -19.40 -0.82
Reliance2,105.20 -15.80 -0.74
Asian Paints3,083.20 -21.25 -0.68
NTPC118.50 -0.80 -0.67

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