Corporate actions7 Oct 2026 · Wed
OLAELECOla Electric Mobility
Ola Electric sets terms for its ₹999.74 crore rights issue: ₹27 a share, opens 22 October
Ola Electric's board approved the terms of a rights issue of partly paid shares to raise about ₹1,000 crore, with 13 October as the record date.
Price, Wednesday's close₹36.32▲ 1.00%
52-week low ₹22.2552-week high ₹58.65
- Sector
- Auto
What happened
- Ola Electric's board fixed the terms of its rights issue of 37.03 crore partly paid-up equity shares, according to Upstox, Entrackr and Whalesbook.
- The price is ₹27 a share, with entitlement of 2 rights shares for every 25 shares held on the record date, 13 October. If fully subscribed, the issue raises ₹999.74 crore.
- The issue opens on 22 October and closes on 30 October. The last date for selling rights entitlements on the market is 26 October.
- Applicants pay ₹16.20 a share on application and the remaining ₹10.80 in a later call, which Entrackr reported is expected by 31 October 2027.
- The shares closed at ₹36.32, up 1.00%.
Why it matters
Good to know: In a rights issue, existing shareholders on the record date get the first right to buy new shares. Partly paid shares are paid for in instalments, so the second payment is called for later.
Key facts
- Issue size
- ₹999.74 crore
- Price
- ₹27 a share (₹16.20 on application)
- Entitlement
- 2 for every 25 shares held
- Record date
- 13 October
- Issue period
- 22 to 30 October
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
- 7 OCT 2026 · CORPORATE ACTIONSOla Electric gets exchange approval for ₹1,000 crore rights issue; board meets today
- 29 SEP 2026 · CORPORATE ACTIONSOla Electric board approves a rights issue of up to ₹1,000 crore