Ola Electric approves ₹1,000 crore rights issue
In short
Ola Electric approved a rights issue worth up to ₹1,000 crore. It will offer 37.03 crore shares at ₹27 each, and eligible shareholders on October 13, 2026, can buy two rights shares for every 25 shares they hold.
This matters because it can raise fresh money for the company and change the share count. The reports do not say what the money will be used for or whether the issue is fully approved for launch.
What the reporting says
Ola Electric approved a rights issue of up to ₹1,000 crore, offering 37.03 crore shares at ₹27 each, according to the publisher summary. Shareholders on October 13, 2026, will be eligible for two rights shares for every 25 shares held, and the issue is scheduled to open on October 22 and close on October 30. The reporting does not state how the proceeds will be used or whether regulators have cleared the offer.
Why it matters
Ola Electric has set up a rights issue that could raise up to ₹1,000 crore through 37.03 crore shares priced at ₹27 each. Existing shareholders on the record date can participate at a 2-for-25 ratio, with the offer window dated October 22 to October 30. This is material for investors because it may dilute holdings and provide capital, but the reporting does not specify the funding purpose.