Ola Electric Board to meet Oct 7 for ₹1,000 Cr Rights Issue

Ola Electric Mobility Ltd has received in-principle approval from stock exchanges on October 6, 2026, for its proposed Rights Issue. A Board Meeting is scheduled for October 7, 2026, to consider, discuss, and decide on various matters related to this Rights Issue. The Rights Issue involves partly paid-up equity shares of face value ₹10 each for an amount not exceeding ₹1,000 crores. The Board will determine specific terms such as the Rights Issue price, payment mechanism, rights entitlement ratio, record date, and timing.