Ola Electric sets rights issue at Rs 27 a share
In short
Ola Electric fixed its rights issue price at Rs 27 per share last week. That was about 23% below the stock’s previous NSE close of Rs 35.13, and the issue is for Rs 1,000 crore with payment in two calls.
This matters because existing shareholders need to act to stay eligible. The reporting does not say how much demand there is or whether the offer will be fully subscribed.
What the reporting says
Ola Electric last week fixed its rights issue price at Rs 27 per equity share, with payments due in two calls. The issue price was about 23% below the stock’s previous NSE close of Rs 35.13, and the rights issue size is Rs 1,000 crore. The reporting does not state the record date, subscription status, or whether investors will fully take it up.
Why it matters
The company led by Bhavish Aggarwal set the rights issue price at Rs 27 a share, below the prior NSE close of Rs 35.13, with Rs 1,000 crore to be raised in two calls. That can affect shareholder dilution and near-term trading in the stock. The source does not state subscription levels, use of proceeds, or the exact eligibility deadline in the supplied excerpt.