Ola Electric Mobility Capital Structure Change
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.
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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.