India, May 2 -- Bhavish Aggarwal-led Ola Electric has rejected a media report that claimed that markets regulator SEBI is probing the electric mobility startup over allegations of insider trading.

In an exchange filing, the EV maker termed the report factually inaccurate. "We would like to bring to your attention that the story titled 'Ola Electric Likely In SEBI Crosshairs Over Alleged Insider Trading' contains factual inaccuracies that could potentially harm the reputation of Ola Electric Mobility Limited," the filing said.

The report by NDTV Profit said that SEBI is looking into Ola Electric over two instances of alleged insider trading between October and December 2024.

The report alleged that Claudio Zizzo, vice president of Ola E...