Ola Electric Mobility Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2025 ,inter alia, to consider and approve Ola Electric Mobility ....
OLAELEC · price
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Ola Electric Mobility has informed stock exchanges that its Board of Directors will meet on May 22, 2025, to consider and approve a proposal for raising funds. The funds will be raised through issuance of Non-Convertible Debentures (NCDs) or other eligible securities, in one or more tranches, on a private placement basis or other permitted methods. The company has also confirmed that the trading window for dealing in its securities has been closed since April 1, 2025, and will reopen 48 hours after the declaration of financial results.
Shareholders should note that the company is planning to raise additional capital through debt instruments, which could dilute existing debt holders or increase leverage. The actual size, pricing, and terms of the NCD issuance will be known after the Board meeting on May 22, 2025.