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Ola Electric Board Meeting on Sept 28 to Decide on Rights Issue.
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CNBC Awaaz•23-09-2026, 19:37
Ola Electric Board Meeting on Sept 28 to Decide on Rights Issue.
- •Ola Electric announced plans to raise funds through a proposed rights issue of equity shares after market close.
- •A Board of Directors meeting is scheduled for September 28, 2026, to discuss and approve the proposal.
- •The company seeks board approval for the issuance of equity shares via the rights issue.
- •Details regarding the issue size, share price, or the total amount to be raised are currently undisclosed.
- •The rights issue will allow participation from retail investors, institutional investors, and eligible shareholders from the promoter group.
Key Questions Answered
A meeting of the Board of Directors of Ola Electric Mobility Limited is scheduled to be held on September 28, 2026, to discuss the proposal for raising funds through a rights issue.
Ola Electric has started preparations for a proposed rights issue of equity shares to raise funds while allowing all eligible shareholders, including retail and institutional investors, to participate.
No, the company's initial statement to the stock exchanges on September 23, 2026, did not provide specific details regarding the size of the issue, the share price, or the total amount to be raised.
