Ola Electric Board To Consider ₹1,000 Crore Rights Issue

Ola Electric Mobility’s board of directors is scheduled to meet on October 5, 2026, to consider and decide on a proposed rights issue of partly paid-up equity shares worth up to ₹1,000 crore. The meeting will be held on October 5 or after the company receives in-principle approval from the stock exchanges or other required regulatory authorities, whichever is later.

The proposed issue will comprise partly paid-up equity shares with a face value of ₹10 each. The company has not yet disclosed the issue price, rights entitlement ratio, record date or payment mechanism. These matters are among those to be considered by the board.

Ola Electric Rights Issue Details

The board will consider the specific terms of the rights issue, including the price at which the shares will be offered and the ratio determining shareholders’ rights entitlements.

It will also consider the payment mechanism, record date and timing of the issue, along with other related matters. The proposed rights issue is for an amount not exceeding ₹1,000 crore.

The company’s latest filing was made on September 28, 2026, under the relevant provisions of the SEBI Listing Regulations governing such disclosures.
Further details of the proposed rights issue are therefore subject to the board’s decision and the required regulatory and stock exchange approvals.