Ola Electric board approves rights issue up to Rs 1,000 crore

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OLAELEC · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹37.84

prior close

₹37.84

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.6%-0.2% vs market

2/3 Wheelers peers, median of 7sector-1.9%+1.0% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 1.0 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-2.6

15m

-2.6

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.6-0.2-1.9+1.0

Next day

-2.4-0.4-2.0-1.4-1.0

-2.0-1.5-0.4-3.4+1.4

-3.1-1.2-2.0-3.1-0.0

-4.9+0.2-5.1-2.7-2.1

-4.2+0.3-4.5-4.3+0.2

-7.2-1.6-5.6-5.6-1.6

15d

-15.3-5.6-9.7-3.5-11.9

-7.8-4.3-3.5-1.6-6.2

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UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ola Electric board approved a rights issue of partly paid-up equity shares worth up to Rs 1,000 crore for existing eligible shareholders. Face value is Rs 10 per share. The issue price, entitlement ratio and record date are yet to be decided and will be announced later. Shares will be partly paid-up, meaning shareholders pay in stages.

Likely market impact

Existing shareholders will get rights to buy more shares; partly paid-up means staged payments. Expect share dilution if you do not participate.