Corporate News

07-Oct-2026, 07:45

Ola Electric Mobility Limited announced that its Board of Directors approved a rights issue of 37,02,72,665 partly paid-up equity shares to raise up to Rs 1,000 crore, with a rights issue price of Rs 27 per share, payable in two installments. The rights issue period will open on Thursday, October 22, 2026, and close on Friday, October 30, 2026, with October 13, 2026, set as the record date to determine eligible shareholders, and the company received in-principle approval for the rights issue from the BSE Limited and National Stock Exchange of India Limited.