Archive · 2 Jun 2025
Ola Electric Plans ₹1,700 Crore Fundraise Via Debt Instruments
Ola Electric, an electric scooter company, is planning to borrow up to ₹1,700 crore.
They will do this by selling things like bonds.
The company will decide when and how based on what the market looks like.
Some of their showrooms in Maharashtra were told to shut down because they didn't have the right paperwork.
This happened because the company didn't have trade certificates.
Despite these issues, the company plans on expanding.
The company's stock price also increased slightly on the BSE.
Ola Electric's board approved a plan to raise up to ₹1,700 crore.
The fundraising will be done through NCDs or other debt securities.
The structure and timing will depend on market conditions.
The Maharashtra Transport Department ordered the closure of over 100 showrooms.
Shares of Ola Electric Mobility Ltd ended at ₹51.50, up ₹0.14, or 0.27%.
- Who
- Ola Electric Mobility Ltd.
- What
- Ola Electric plans to raise up to ₹1,700 crore through non-convertible debentures or other debt securities.
- When
- The board approved the proposal on Thursday, May 22.
- Where
- Maharashtra showrooms were ordered to close.
- Why
- To raise funds for the company's needs.
Showroom Compliance
Funding Strategy
Showroom Operations
Showroom Compliance
The Maharashtra Transport Department ordered the closure of over 100 Ola Electric Mobility Ltd stores for operating without mandatory trade certificates.
Funding Strategy
Ola Electric Mobility Ltd stated the issuance would fall within the borrowing limits already approved by shareholders.
- Proposed Fundraise
- ₹1,700 crore
- Funding Instruments
- Non-convertible debentures (NCDs) and other debt securities
- Issuance Method
- One or more tranches
- Issuance Terms
- Market conditions and funding requirements
- Showrooms without certification
- 107 out of 131
- Share Price at Close
- ₹51.50