Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
12
in the last 3 days
First reported
3 days ago
10 outlets since
Countries
11 other outlets reported this story in the last 3 days.
New Delhi, Oct. 11 -- Ola Electric Rs.1,000 crore right issue: Shares of Ola Electric Mobility will remain in focus in the coming week ahead of the record date for its right issue. The EV maker has fixed Tuesday as the crucial date to determine eligibility of shareholders for the payout.Ola Electri…
Ola Electric has approved a rights issue of up to ₹1,000 crore, offering 37.03 crore shares at ₹27 each. Shareholders holding stock on October 13, 2026, will be eligible for two rights shares for every 25 shares held. The issue is scheduled to open October 22 and close October 30.
The Bhavish Aggarwal-led company last week fixed the issue price for its rights issue at Rs 27 per equity share, around 23% lower than the stocks previous closing price of Rs 35.13 apiece on NSE, with the amount payable in two calls.