Announced Mon, 27 Apr · 23:38 IST
Subsidiary OET allots 4th tranche of OCRPS worth ₹127.64 cr to fellow subsidiary
Fund Raising View source PDF
OLAELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹36.80
prior close
₹37.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.8-1.1-1.4-1.4-0.7-0.4-5.9-5.2-2.1-0.8+12.1+9.9—
Up moveDown movePending
AI summary
Ola Electric's wholly owned subsidiary OET allotted 12,76,40,000 Series A OCRPS (0.001%, face value ₹10) totalling ₹127.64 crore to fellow subsidiary Ola Cell Technologies via private placement. This is the fourth tranche of such allotments, continuing the deployment of IPO proceeds as per the revised object clause approved by shareholders in August 2025.
Likely market impact
Inter-subsidiary fund movement for cell tech business; no immediate dilution for Ola Electric shareholders, but signals ongoing IPO proceeds deployment.