Chandigarh suspends Ola Consumer's cab aggregator licence for six months
State Transport Authority pulled Ola's licence citing repeated breaches of 2025 aggregator rules, ignored show-cause notices, missed hearings and a vacated registered office. Action lands as Vanguard slashed ANI Technologies' valuation 99% to $70 Mn from a $7.3 Bn peak.
Chandigarh's State Transport Authority suspended Ola Consumer's cab aggregator licence for six months, citing repeated non-compliance with 2025 aggregator rules, unanswered show-cause notices, missed meetings, and a vacated registered office. Comes amid Vanguard's 99% valuation markdown to $70 Mn.
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