India's markets regulator has sent a warning letter to Ola Electric for sharing information on social media before disclosing it to investors, adding to a long line of troubles for the electric two-wheeler maker.

Ola Electric recently revealed its expansion plans with new showrooms through social media posts which irked the regulator.

Ola electric mobility shares slides down more than 5 per cent on NSE (National Stock Exchange), after market watchdog SEBI (Securities and exchange board of India), issued a warning over violation of regulations of information disclosure.

The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Ola Electric Mobility for violating disclosure norms. The company received the letter on January 7, according to its communication with the exchanges.

The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations

That founder billionaire Bhavish Aggarwal chose to announce Ola Electric’s expansion plans on social media first and not on the exchanges didn’t sit well with SEBI.

India's markets regulator has warned Ola Electric against sharing company-related information on social media before disclosing it to investors, adding to a slew of problems for the electric two-wheeler maker.

Ola Electric Mobility Ltd. was warned by India’s markets regulator against posting company updates on social media before disseminating information to its investors.

Sebi warned Ola Electric after founder Bhavish Aggarwal posted on social media about expansion plans before notifying stock exchanges. Aggarwal announced the target to expand retail stores from 800 to 4,

Ola Electric shares today cracked as much as 4 per cent at open after Karnataka High Court refused to provide any relief to company in CCPA probe. Ola Electric shares opened sharply lower at Rs 77 on NSE against the previous close of Rs 79.