Ola Electric Announces ₹999.74 Crore Rights Issue

Ola Electric Mobility Ltd has announced a ₹999.74 crore rights issue to raise funds from existing shareholders. The company plans to issue approximately 37.03 crore partly paid-up equity shares at ₹27 per share. Rights Issue Details Total Issue Size: ₹999.74 crore Issue Price: ₹27 per share, including a ₹17 premium Shares Offered: Approximately 37.03 crore Entitlement Ratio: 2 rights shares for every 25 fully paid-up shares held Record Date: October 13, 2026 Issue Opening Date: October 22, 2026 Issue Closing Date: October 30, 2026 Payment Structure Shareholders must pay ₹16.20 per share at the time of application. The remaining ₹10.80 per share will be payable through a subsequent call, expected on or before October 31, 2027. How Will Ola Electric Use the Funds? The proposed allocation of the proceeds includes: ₹350 crore: Debt repayment or prepayment ₹400 crore: Organic growth initiatives Remaining proceeds: General corporate purposes What Should Shareholders Consider? The rights issue gives eligible existing shareholders an opportunity to subscribe to additional shares in proportion to their current holdings. Since the shares are partly paid, investors should consider both the initial application payment and the future payment obligation. The utilisation of funds, financial position and progress in the electric vehicle business will remain important factors to monitor. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.