Corporate actions29 Sep 2026 · 9:29 PM IST
OLAELECOla Electric Mobility
Ola Electric board approves a rights issue of up to ₹1,000 crore
Ola Electric's board approved raising up to ₹1,000 crore by offering partly paid-up shares to existing shareholders. The price, ratio and record date are still to be announced.
Price, Monday's close₹37.86▼ 1.61%
Last 5 days
52-week low ₹22.2552-week high ₹58.65
- Sector
- Automobiles
What happened
- Ola Electric Mobility's board approved a rights issue of partly paid-up equity shares of up to ₹1,000 crore, subject to regulatory approvals.
- The company set up a rights issue committee. The issue price, entitlement ratio and record date will be announced later.
- Business Standard reported that the money is meant for debt repayment and for scaling up the company's battery cell business, and that the promoter group, which holds about 33%, is expected to take up its share.
Why it matters
In a rights issue, every existing shareholder can buy new shares in proportion to what they already hold, usually at a discount to the market price. Shareholders who do not take up their rights see their percentage holding fall.
Good to know: Partly paid-up shares let investors pay part of the issue price now and the rest in later instalments, called calls.
Key facts
- Size
- Up to ₹1,000 crore
- Instrument
- Partly paid-up equity shares
- Record date
- Not yet announced
Read the source
This is a summary of public news about Ola Electric Mobility, for information only. It is not a recommendation to buy, sell or hold OLAELEC.
Ola Electric Mobility in the news before
- 8 OCT 2026 · EVENING · CORPORATE ACTIONSOla Electric sets terms for its ₹999.74 crore rights issue: ₹27 a share, opens 22 October
- 7 OCT 2026 · CORPORATE ACTIONSOla Electric gets exchange approval for ₹1,000 crore rights issue; board meets today