Archive · 1 Oct 2025
Ola Electric Subsidiary Raises Funds; Shares Rise
Ola Electric's subsidiary, OET, got approval to raise money.
They will raise about Rs 877.64 crore by selling shares.
These are special shares called preference shares.
The shares have a face value of Rs 10 each.
Ola Electric shares went up almost 4% during the day after this news.
The funds will be used for the company's operations.
The allotment will be done in one or more stages, and details will be revealed during conversion.
Ola Electric Technologies Pvt Ltd (OET) cleared a fund-raising proposal.
The fund will be raised by issuing preference shares.
The company will raise Rs 877.64 crore.
The shares have a face value of Rs 10 each.
Ola Electric shares increased by 3.9% during the day.
- Who
- Ola Electric Technologies Pvt Ltd
- What
- Approved fund raising proposal by issuing preference shares.
- When
- Wednesday
- Where
- BSE
- Why
- To raise funds and as per shareholder approval.
Shareholders
Ola Electric Mobility
Fund Raising
Shareholders
Investors may have approved the fund-raising proposal.
Ola Electric Mobility
Ola Electric Technologies Pvt Ltd. (OET) issued a fund-raising proposal.
- Company
- Ola Electric Mobility Ltd
- Subsidiary
- Ola Electric Technologies Pvt Ltd (OET)
- Fund Raising Amount
- Rs 877.64 crore
- Share Type
- Optionally Convertible Redeemable Preference Shares (OCRPS)
- Share Face Value
- Rs 10 each
- Share Increase
- 3.9% during the day
