Vanguard marks down India's Ola
A mutual fund managed by US-based Vanguard Group has cut the value of its shares in Indian ride-hailing app Ola by 41%, joining several other US mutual funds in marking down Indian tech unicorns.
In its quarterly filing, Vanguard World Fund indicated that its 166,000 shares of Ola’s parent Ani Technologies were worth $182.74 each in November, representing a drop from the $311.27 per share reported...
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