Rights Issue newspaper advertisement - Issue opens Oct 22, closes Oct 30
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Ola Electric has published a newspaper advertisement regarding its Rights Issue of up to about 37.03 crore partly paid-up equity shares at Rs 27 per share (including Rs 17 premium, face value Rs 10). The issue opens on October 22, 2026, last date for renunciation is October 26, and closing date is October 30, 2026. Promoter Bhavish Aggarwal is backing the issue. Existing eligible shareholders can apply through ASBA facility.
Eligible shareholders can subscribe to the Rights Issue at Rs 27 per share between Oct 22 and Oct 30, 2026, or renounce by Oct 26. Dilution expected as new partly paid-up shares are issued.