Ola denies reports of Uber buying stake
Ola on Friday denied reports of rival Uber buying a controlling stake in the company. Reports suggested that except for investor SoftBank, shareholders in Ola including founders Bhavish Aggarwal and Ankit Bhati would exit the company. "Planted malicious stories are sign of others desperation!", tweeted Aggarwal. Ola said it will initiate legal action against the media house for misreporting. 