Ola Electric ₹1000 Crore Rights Issue ₹999.74 crore

OLA Electric Mobility Limited has announced a rights issue worth approximately ₹999.74 crore to strengthen its financial position and support future business requirements. The company plans to offer approximately 37.03 crore partly paid-up equity shares at an issue price of ₹27 per share. The rights issue has a ratio of 2:25 allowing eligible shareholders to apply for two additional shares for every 25 fully paid-up shares held on the record date October 13 2026. The issue is scheduled to open on October 22 and close on October 30 2026. The payment structure requires ₹16.20 per share at application with the remaining ₹10.80 payable through the first and final call. The company intends to use the proceeds for debt repayment business expansion and general corporate purposes. Investors should carefully review the official letter of offer eligibility conditions payment obligations and potential dilution before making a decision. A discounted rights issue price does not guarantee future share-price appreciation. Important Disclaimer: This article is for informational purposes only and is not investment advice or a recommendation to participate in the rights issue. Please refer to the company's official disclosures and consult an appropriately qualified financial professional before making investment decisions.