From mint · Sharmila Bhadoria · · 1m
Ola Electric ₹1k Cr Rights Issue Details
Ola Electric's ₹1,000 crore rights issue opens October 22 with record date October 13.
In brief
Ola Electric's ₹1,000 crore rights issue opens October 22 with record date October 13. Ola Electric will issue 37.03 crore shares at ₹27 each for shareholders holding stock on October 13, 2026. Originally reported by mint.
Ola Electric rights issue approved
Ola Electric has approved a rights issue of up to ₹ 1,000 crore offering 37.03 crore shares at ₹ 27 each.
Record date for eligibility
Shareholders holding stock on October 13, 2026 will be eligible for two rights shares for every 25 shares held.
Rights issue dates
The rights issue opens October 22 and closes October 30, 2026 with a record date of October 13.
Rights ratio details
Investors receive two additional shares for every 25 fully paid-up equity shares held on the record date.
Share price performance
Ola Electric stock closed 1.83% higher at ₹ 35.13 per share on Friday, October 9, 2026.
The main idea
Ola Electric will issue 37.03 crore shares at ₹27 each for shareholders holding stock on October 13, 2026.
