Ola Electric Mobility Limited has informed the Exchange regarding 'Submission of Letter of Offer for Rights Issue of partly paid-up Equity Shares of Ola Electric Mobility Limited'.
OLAELEC · price
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Ola Electric Mobility is launching a rights issue of up to 37.03 crore partly paid-up equity shares at ₹27 per share (face value ₹10, premium ₹17), aiming to raise up to ₹999.74 crore. Existing shareholders can subscribe in the ratio of 2 rights shares for every 25 fully paid-up shares held. The record date is October 13, 2026, with the issue opening on October 22 and closing on October 30, 2026. Shareholders need to pay ₹16.20 per share (60% of issue price) on application, with the balance ₹10.80 due as a first and final call expected by October 31, 2027. The Letter of Offer has been submitted to SEBI, BSE, and NSE.
The rights issue will expand the share base by around 8% (2 for every 25 held), leading to some dilution if shareholders do not fully subscribe. Eligible shareholders should evaluate whether to subscribe, renounce entitlements, or let them lapse by the October 30, 2026 deadline, while noting the partly paid structure spreads the cash outflow.