| Name of Lender |
Facility/Instrument |
Amount (Rs. Crore) |
|
Bank of Baroda
|
Term Loans
|
382 |
|
Indian Bank
|
Term Loans
|
350 |
|
Bank of Baroda
|
Interchangeable Limits
|
2401
|
|
Indian Bank
|
Interchangeable Limits
|
1001
|
|
Axis Bank Limited
|
Fund/Non Fund-based Limits
|
150 |
|
Bank of Baroda
|
Fund/Non Fund-based Limits
|
616 |
|
YES Bank Limited
|
Fund/Non Fund-based Limits
|
145 |
|
Not Applicable
|
Proposed Working Capital Facility
|
150 |
|
Not Applicable
|
Unallocated Limits
|
94 |
*April 30, 2025
1 Letter of credit/ Bank Guarantee
The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of Ola Electric Technologies Private Limited rated by ICRA. To access the previous rating rationale: Click Here.
This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.
