ANI Technologies operates the group’s ride-hailing business and holds the brand IP, which is currently licensed to Ola Electric, a separately listed electric vehicle (EV) company, in exchange for a fee. The proposed shift in ownership comes amid broader questions over the cross-holding of assets within the Ola ecosystem. The firms–ranging from ANI to Ola Electric and AI startup Krutrim–have overlapping but distinct shareholder bases.
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