Why did Ola Electric shares dip 5% on Wednesday?

Ola Electric shares dropped 5% on Wednesday after SEBI sent an administrative warning over violations with respect to disclosures made to exchanges. Last month, Ola CMD Bhavish Aggarwal revealed plans for a four-fold expansion of the company's store network on social media before informing exchanges. "You've failed to provide equal and timely access to information for all investors," SEBI said.

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