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Promoter and Director Bhavish Aggarwal acquired 9,81,99,966 partly paid-up equity shares of Ola Electric Mobility Ltd for ₹1,590.84 Crore. The acquisition was executed via a rights issue allotment.
Ola Electric allotted equity shares under a rights issue, raising paid-up capital from Rs.4,628.41 Crore to Rs.4,850.57 Crore. Post-allotment shares total 49,98,68,978.
Ola Electric allotted 37,02,72,665 partly paid-up rights shares at Rs 16.20 each, about Rs 599.84 Crore on application. Balance call money remains payable.
Ola Electric Mobility's ₹1,000 crore rights issue of partly paid-up shares closed October 30, 2026. The company informs exchanges of the issue period closure.
Ola Electric confirmed two Specific Investors applied 23,855,476 rights entitlements in its partly paid-up shares rights issue. This is a Regulation 77B(2) application confirmation.
Ola Electric will raise ₹999.74 Crore via a rights issue of 37.03 crore shares at ₹27 each. The record date is October 13, 2026.
Ola Electric Mobility Ltd. constituted a rights issue committee of the Board to oversee and implement its proposed rights issue.
Ola Electric Mobility is increasing its authorized share capital to facilitate future fund raising. The change involves increasing shares from 831.85 crore to 872.19 crore.