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Ola Electric Sets ₹1,000 Crore Rights Issue Dates and Terms
Ola Electric plans to raise about ₹1,000 crore by offering more shares to its existing shareholders.
Eligible shareholders can buy two new shares for every 25 shares they already own.
Each new share costs ₹27, including a ₹17 premium on its ₹10 face value.
The company says eligibility will be based on shareholdings on October 13, 2026.
The issue is scheduled to open on October 22 and close on October 30.
If all the offered shares are taken up, the company will have more shares outstanding.
The article also says Ola Electric’s share price rose nearly 1.83% on Friday after falling sharply the day before.
Ola Electric Mobility approved a rights issue of up to approximately ₹1,000 crore.
The company will offer 37,02,72,665 partly paid-up equity shares at ₹27 each, including a ₹17 premium over the ₹10 face value.
Shareholders on the register as of October 13, 2026, are eligible; October 12 is stated as the last date to buy shares to qualify.
The issue is scheduled to open October 22, 2026, and close October 30, 2026.
The ratio is two rights shares for every 25 fully paid-up shares held; if fully subscribed, outstanding shares would rise to 4,99,86,80,978.
- Who
- Ola Electric Mobility and its eligible shareholders.
- What
- A rights issue of 37,02,72,665 partly paid-up equity shares, intended to raise approximately ₹1,000 crore.
- Where
- India; the article cites a BSE filing.
- When
- Record date: October 13, 2026; issue period: October 22–30, 2026.
- Why
- To raise funds through a rights issue, as approved by the company’s board.
Key facts
- Maximum issue amount
- Approximately ₹1,000 crore (₹9,99,73,61,955).
- Number of rights shares
- 37,02,72,665 partly paid-up equity shares.
- Issue price
- ₹27 per share.
- Face value and premium
- ₹10 face value and ₹17 premium per share.
- Rights ratio
- 2 rights shares for every 25 fully paid-up shares held.
- Record date
- October 13, 2026.
- Issue dates
- Opens October 22, 2026; closes October 30, 2026.
- Shares outstanding if fully subscribed
- Would rise from 4,62,84,08,313 to 4,99,86,80,978.
Sources
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