By Aditya Kalra
BENGALURU (Reuters) – India’s Ola Electric received more than $2 billion worth of bids for $330 million quota reserved for big institutions for its much-awaited IPO, a source with direct knowledge of the matter told Reuters.
SBI and HDFC Mutual Funds were allocated shares worth $30-$36 million each, while Nomura and Norges Bank were allocated $24 million each, the source added.
(Reporting by Aditya Kalra, Kashish Tandon and Nandan Mandayam; Editing by Alex Richardson)
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