Ola Electric Mobility’s latest fundraising development

Ola Electric’s Board is scheduled to consider a Rights Issue today, 28 September 2026. The company has not yet disclosed the final issue size, issue price, or exact use of funds. Earlier this month, the Board had approved a plan to raise up to ₹1,500 crore through equity-linked routes, including a rights issue, QIP, FPO, private placement or other permitted methods. Ola had already raised approximately ₹780 crore through a QIP in June 2026, which was reportedly oversubscribed by 56%. The proposed rights issue is intended to allow participation by existing retail, institutional and promoter-group shareholders, subject to applicable regulations. 📉 Why the market is watching this closely Ola's Q1 FY27 revenue was ₹455 crore, down 45% YoY, while its net loss was ₹336 crore. At the same time, its EV two-wheeler market share has declined substantially from earlier levels. The stock reacted sharply around the fundraising announcement: on 25 September, Ola Electric shares fell as much as 9% to around ₹38.60 after a four-session rally