Ola Electric Board Meeting on Oct 5 to Consider ₹1,000 Cr Rights Issue

Ola Electric Mobility Ltd has announced a Board of Directors meeting scheduled for October 5, 2026. The primary agenda is to consider and approve a Rights Issue of partly paid-up equity shares, aiming to raise up to ₹1,000 crores. The meeting will also decide on key terms of the issue, including the rights issue price, payment mechanism, entitlement ratio, record date, and timing. This move is subject to receiving in-principle approval from the stock exchanges and other regulatory authorities.