Vanguard cuts Indian ride-hailing giant Ola’s valuation by 52%

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings.
Vanguard cut the worth of its shares in Ani Technologies, Ola’s holding firm, by 51.6% as of the end of May, it disclosed Monday. The asset manager marked down the holding of its Ola shares to $25 million, from the $51.7 million purchase price years ago, the filings showed.
The cut in worth of Ola shares’ by Vanguard implies a reduction in the ride-hailing startup’s valuation to approximate

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