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

Corporate Actions View source PDF Explain this filing

OLAELEC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

Board approved issue of partly paid-up equity shares of face value Rs 10 by way of rights issue for amount not exceeding Rs 1,000 crore. Eligible shareholders as on the record date can subscribe. Issue price, entitlement ratio, record date and terms of payment will be decided later by the Board. Subject to regulatory and statutory approvals.

Likely market impact

Possible equity dilution. Eligible shareholders will need to decide whether to subscribe once price, ratio and record date are announced.