Ola Electric May Consider Rights Issue Fundraising at Board Meeting

Ola Electric may try to raise more money.

Its board will discuss this at a meeting on September 28.

The possible fundraising method is called a rights issue.

In a rights issue, existing shareholders may be offered a chance to buy more shares.

The company makes electric two-wheelers.

Its shares may receive attention on Thursday.

Ola Electric already raised ₹780 crore through a QIP.

The board has not yet been reported as approving the new fundraising.