Key Points
Aggarwal, Chairman and Managing Director of Ola, said that the company has sent a legal notice to MapmyIndia but has not yet received a response...
We have also given them legal notice, their reply has not come till date," Aggarwal said.. Ola Electric was listed on the stock exchanges on August 9, raising Rs 5,500 crore from its initial public offering..
MapmyIndia, a local digital navigation firm, has criticized Ola parent ANI Technologies' claims about creating a navigation map of India, calling it a "gimmick.".
When asked about the legal notice, MapmyIndia provided a transcript from its August 12 earnings call, where CEO Rohan Verma gave an update on the notice sent to ANI Technologies...
It might be hurting them, that is why they are making noise," he said.. Ola Electric's IPO documents state that Ola Maps is owned by Geospoc Geospatial Services, a subsidiary of ANI Technologies..
