Stories
Ola Electric to Launch Rights Issue of Up to Rs 1000 Crore
C
CNBC Awaaz•06-10-2026, 22:06
Ola Electric to Launch Rights Issue of Up to Rs 1000 Crore
- •Ola Electric has announced plans to launch a rights issue of up to ₹1,000 crore.
- •The company has already received in-principle approval from the stock exchanges for the proposal.
- •The board of directors is scheduled to meet tomorrow to decide the final price and other essential details of the rights issue.
Key Questions Answered
Ola Electric is planning to launch a rights issue valued at up to ₹1,000 crore to support its business operations.
Yes, the company's proposal for the rights issue has already received in-principle approval from the stock exchanges.
The board of directors is scheduled to meet to discuss essential aspects of the offering, most importantly determining the price at which the rights issue will be launched.
