Ola to Consider Rights Issue for Fresh Capital Raise

Ola Electric Mobility has announced that its board will meet on September 28 to consider raising funds through a rights issue of equity shares. The proposed issue is intended to allow participation from eligible retail, institutional and promoter-group shareholders, subject to regulatory and statutory approvals. The company has not yet disclosed the proposed issue size, pricing or the specific use of funds. Ola Electric had earlier received approval to raise up to ₹1,500 crore through equity-based routes and subsequently raised about ₹780 crore through a qualified institutional placement in June 2026. The latest proposal therefore represents another potential capital-raising exercise for the electric two-wheeler manufacturer. The company said the rights-issue proposal will be placed before the board for consideration on September 28. Ola Electric shares rose 10.93% on September 23 and closed at ₹41.91, according to market reports. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security