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Ola Electric Plans ₹1,000 Crore Rights Issue After QIP
Ola Electric wants to raise up to ₹1,000 crore from its existing shareholders.
It plans to do this by offering them partly paid-up shares.
Shareholders who are eligible will be identified using a record date.
The company has not yet announced the price or the number of shares each investor can buy.
Its board is expected to discuss these details on October 5, 2026.
The plan still needs required regulatory and statutory approvals.
Ola Electric recently raised ₹780 crore from large institutional investors.
Its stock has risen over the past six months but has fallen significantly over longer periods.
Ola Electric Mobility’s board approved a proposed rights issue of partly paid-up shares worth up to ₹1,000 crore.
The issue remains subject to necessary regulatory and statutory approvals, including in-principle approval where required.
The company’s board is scheduled to meet on October 5, 2026, to decide the issue price, entitlement ratio, record date, timeline and payment structure.
Ola Electric raised ₹780 crore through a qualified institutional placement in June, which was oversubscribed by 56%.
The company’s shares gained 56.04% in six months but fell 30.87% over one year and 62.95% over two years.
- Who
- Ola Electric Mobility and its eligible shareholders; the company also recently received institutional investment through a QIP.
- What
- The company approved plans for a rights issue of partly paid-up equity shares to raise up to ₹1,000 crore.
- Where
- The rights issue will be undertaken through the company’s listed securities and reported to stock exchanges.
- When
- The announcement was made on Monday; the board is scheduled to meet on October 5, 2026, to consider the issue’s details.
- Why
- Ola Electric is seeking to raise additional funds, following a ₹780 crore qualified institutional placement in June.
Key facts
- Proposed fundraising
- Up to ₹1,000 crore
- Security type
- Partly paid-up equity shares
- Face value
- ₹10 per share
- Board meeting
- October 5, 2026
- Previous fundraising
- ₹780 crore QIP in June
- QIP subscription
- Oversubscribed by 56%
- Six-month stock performance
- 56.04% gain
Sources
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