Ola Electric to Launch Rs 1,000 Crore Rights Issue on October 22

7 Oct 2026, 7:28 pm · 10h ago · 1 min read · Entrackr

Amount

Rs 1,000 Cr

Stage

Rights Issue

EV maker Ola Electric will launch a Rs 1,000 crore rights issue running from October 22 to October 30. The company plans to issue 37.03 crore partly paid-up shares at Rs 27 each, representing a Rs 17 premium, to raise Rs 999.74 crore. Shareholders on the October 13 record date can buy two rights shares for every 25 held, paying Rs 16.20 upfront and Rs 10.80 by October 2027. Founder Bhavish Aggarwal has pledged a 4.32% stake to fund his participation. This follows a Rs 780 crore QIP completed by the company in June.