Stories
Ola Electric to Raise ₹1,000 Crore Through Rights Issue
C
CNBC Awaaz•28-09-2026, 20:24
Ola Electric to Raise ₹1,000 Crore Through Rights Issue
- •Ola Electric Mobility's board approved raising up to ₹1,000 crore via a rights issue for eligible shareholders.
- •The company informed stock exchanges about this decision on September 28, 2026.
- •The rights issue will involve partly paid-up equity shares with a face value of ₹10.
- •Key terms like issue price, ratio, record date, and payment terms are yet to be finalized by the board.
- •The total amount raised will not exceed ₹1,000 crore, with the number of shares to be decided later.
Key Questions Answered
The board of Ola Electric Mobility approved a proposal to raise up to ₹1,000 crore through a rights issue for eligible shareholders.
The company will issue partly paid-up equity shares with a face value of ₹10 under the rights issue.
No, the price, rights entitlement ratio, record date, timing, and payment terms have not yet been finalized and will be decided by the board later.
