Corporate actions7 Oct 2026 · Wed morning
OLAELECOla Electric Mobility
Ola Electric gets exchange approval for ₹1,000 crore rights issue; board meets today
BSE and NSE have given in-principle approval for Ola Electric's ₹1,000 crore rights issue of partly paid-up shares. The board meets today to set the terms.
Price, Tuesday's close₹35.96▼ 1.96%
52-week low ₹22.2552-week high ₹58.65
- Sector
- Auto
What happened
- Ola Electric received in-principle approval from BSE and NSE for a rights issue of partly paid-up equity shares of ₹10 face value to raise up to ₹1,000 crore, according to Sahi and ScanX.
- The board meeting, first set for 5 October, was moved to 7 October.
- The board is to decide the issue price, the rights entitlement ratio and the record date.
Why it matters
The board approved the rights issue on 28 September. The price, ratio and payment terms are not yet announced.
Good to know: In a rights issue a company offers new shares to existing shareholders in proportion to their holdings. Partly paid-up shares are paid for in instalments rather than all at once.
Key facts
- Size
- Up to ₹1,000 crore
- Security
- Partly paid-up equity shares, face value ₹10
- Exchange approval
- In-principle, BSE and NSE
- Board meeting
- 7 October (price, ratio, record date)
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
- 29 SEP 2026 · CORPORATE ACTIONSOla Electric board approves a rights issue of up to ₹1,000 crore