Ola Electric Approves ₹1,000 Cr Rights Issue

Ola Electric Mobility Limited's Board of Directors has approved a rights issue of partly paid-up equity shares, aiming to raise up to ₹1,000 crore. The decision was made during a board meeting held on September 28, 2026. The specifics of the issue, including the price, ratio, and record date, will be determined and disclosed later. This move is subject to necessary regulatory and statutory approvals.