Promoter and CMD's social media post on onboarding of first 150 dealers disclosed
Ola Electric has informed NSE and BSE about a social media post by its Promoter and Chairman & Managing Director.
- Dealers Onboarded
- the first 150 dealers have been onboarded
Disclosure of a promoter's social media post
The company has informed NSE and BSE about a social media communication by its Promoter and Chairman & Managing Director. The update carries the text of the post and states that the intimation will also be available on the company's website.
What the post said
- The first 150 dealers have been onboarded.
- The promoter described hosting and interacting with them at the factory as amazing.
- He said he was honoured to partner with them and welcomed them to the "ever growing Ola family".
How to read this
- The figure that stands out is 150 dealers, described as onboarded. It comes from the promoter's own post, which the company has placed on record with the exchanges.
- A dealer onboarding update speaks to the reach of the company's sales network, which is one of the inputs investors track for a vehicle maker.
Why it is shared
- When a promoter or a key managerial person communicates publicly on social media, the exchanges are intimated so the same information is on record with them and reaches all investors at the same time.
What the news can convey
- Dealer additions can be seen as a positive business development signal.
- The update is an intimation of a social media post rather than a financial result, so the takeaway centres on the sales network being expanded, as described in the post.
Key figure in the update: 150 dealers, described in the post as the first to be onboarded.
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More numbers
- Dealers described in the post as onboardedFirst 150 onboarded
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