Archive · 12 Oct 2026
Ola Electric Sets ₹1,000 Crore Rights Issue Terms and Dates
Ola Electric plans to raise about ₹1,000 crore by offering new shares to its existing shareholders.
Each new share costs ₹27, including a ₹10 face value and a ₹17 premium.
Shareholders who qualify on October 13, 2026, can apply for two new shares for every 25 fully paid-up shares they own.
The articles say October 12 is the last day to buy Ola Electric shares to qualify.
The offer is scheduled to open on October 22 and close on October 30.
If all the offered shares are taken up, Ola Electric’s total number of shares will increase.
A separate article reports that AvenuesAI will combine every 10 ₹1 shares into one ₹10 share.
Its record date for that change is also October 13.
Ola Electric Mobility approved a rights issue of 37,02,72,665 partly paid-up shares, worth approximately ₹1,000 crore.
The issue price is ₹27 per share, comprising a ₹10 face value and ₹17 premium.
Shareholders recorded on October 13, 2026, are eligible; October 12 is identified as the last day to buy shares to qualify.
The issue is scheduled to open on October 22 and close on October 30, 2026.
Eligible holders can apply for two rights shares for every 25 fully paid-up shares; AvenuesAI separately set October 13 as the record date for a 10-for-1 share consolidation.
- Who
- Ola Electric Mobility and shareholders eligible for its rights issue; AvenuesAI and shareholders eligible for its share consolidation.
- What
- Ola Electric approved a rights issue of up to approximately ₹1,000 crore. AvenuesAI approved consolidating 10 shares with a face value of Re 1 each into one share with a face value of ₹10.
- When
- Both companies set October 13 as the record date. Ola Electric's issue is scheduled for October 22–30, 2026.
- Where
- The articles refer to company filings and trading in India.
- Why
- Ola Electric is raising funds through a rights issue; AvenuesAI's board approved a consolidation of its shares.
Ola Electric rights issue
AvenuesAI share consolidation
Corporate action
Ola Electric rights issue
Ola Electric will offer eligible shareholders additional partly paid-up shares to raise up to approximately ₹1,000 crore.
AvenuesAI share consolidation
AvenuesAI will combine every 10 existing ₹1 shares into one ₹10 share; the article says the total face value of a shareholder's holding will remain unchanged.
- Ola Electric issue size
- ₹9,99,73,61,955, approximately ₹1,000 crore.
- Rights shares offered
- 37,02,72,665 partly paid-up equity shares.
- Issue price
- ₹27 per share: ₹10 face value plus ₹17 premium.
- Rights ratio
- Two rights shares for every 25 fully paid-up shares held.
- Record date and last qualifying purchase date
- Record date: October 13, 2026; articles identify October 12 as the last day to buy to qualify.
- Ola Electric issue period
- Scheduled to open October 22 and close October 30, 2026.
- Shares after full subscription
- Outstanding shares would increase from 4,62,84,08,313 to 4,99,86,80,978.
- AvenuesAI consolidation
- Ten shares with a face value of Re 1 each will be consolidated into one share with a face value of ₹10; record date is October 13.
