Ola Electric share price is down 3.6% on Monday at the time of writing, trading at ₹86.8.
The stock is impacted by the resignation of its two key executives in Chief Technology officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal.
Chaterjee was made the CTO in 2021 after earlier serving as head of design and Khandelwal moved to the company from Foodpanda following its acqisition by Ola Electric parent company.
Both cited personal reasons for their departure from the electric vehicle maker.
The resignation of the two key executives seems to be making investors uneasy at a time when the confidence in the stock is already shaken after the muted initial public offering and recent controversies surrounding Ola founder Bhavish Aggarwal.
Ola Electric is down significantly from the ₹158 all-time high seen in the month following the public listing.
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