Ola Electric sets Rs 27 rights issue at 26% discount
In short
Ola Electric set its rights issue price at Rs 27 a share, which is a 26% discount. The issue is for up to Rs 1,000 crore and includes 37 million shares. It opens on October 22, 2026 and closes on October 30, 2026.
This matters because shareholders can buy more shares, but their ownership can be diluted if they do not. The report does not say exactly how the money will be used.
What the reporting says
Ola Electric set a rights issue price of Rs 27 per share, a 26% discount, with the issue worth up to Rs 1,000 crore and 37 million shares, according to publisher summaries. The issue opens on October 22, 2026 and closes on October 30, 2026, and the board approved a two-call payment structure. The immediate consequence is shareholder dilution and a funding option; use of proceeds is not stated.
Why it matters
Ola Electric announced a rights issue at Rs 27 per share, described as a 26% discount to the market price. The publisher summary says the issue could raise up to Rs 1,000 crore through 37 million shares, with the offer opening on October 22, 2026 and closing on October 30, 2026. The board also approved a two-call payment structure. The intended use of funds is not stated.