Economy
Key Stock Market Updates: Ola Electric, Mahindra, and Lenskart
CNBC TV181h
THE BRIEF
1
Ola Electric received a ₹95.81 crore incentive sanction from the Ministry of Heavy Industries, while AXISCADES Technologies approved a 90% stake acquisition in Cloud Wave Technologies for ₹234 crore.
2
Lenskart saw a block deal worth ₹1,857 crore where Alpha Wave Ventures sold a 1.7% equity stake, with buyers including the National Pension System and ICICI Prudential Mutual Fund.
3
Mahindra & Mahindra expanded its Battery-as-a-Service programme to its Electric Origin SUV portfolio, and LIC Housing Finance appointed Sandeep Kumar as MD and CEO effective August 29, 2026.