Snapdeal effect? Ola restricts SoftBank rights, strengthens those of founders
Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo
Cab-hailing firm Ola has made sweeping changes in its shareholder terms, strengthening the rights of its founders and restricting those of its largest investor SoftBank Group Corp. and others.