Investment4 Jun 2026, 08:01 pm
Ola Electric Completes Fund Raise, Allots 217.5M Shares at ₹35.86
AI Summary
Ola Electric Mobility Limited announced the successful completion of its fund-raising initiative following a meeting of its Fund Raising Committee on June 4, 2026. The committee approved the closure of the issue after receiving applications and funds from eligible Qualified Institutional Buyers (QIBs). A total of 217,578,428 equity shares were allocated at an issue price of ₹35.86 per share, which includes a premium and a discount to the floor price. The company will issue a placement document and has made it available on its website. This move signifies a successful capital infusion for the company.
Key Highlights
- Fund Raising Committee approved closure of the issue.
- 217.58 million equity shares allotted to QIBs.
- Issue price set at ₹35.86 per equity share.
- Discount of 4.98% applied to the floor price.
- Placement document approved and will be filed.