Ola Electric Plans ₹1,000 Cr Rights Issue

Ola Electric Mobility Ltd has received in-principle approval from stock exchanges for a proposed Rights Issue of partly paid-up equity shares. The issue aims to raise up to ₹1,000 crores. A Board meeting is scheduled for October 7, 2026, to finalize terms including the issue price, payment mechanism, rights entitlement ratio, record date, and timing. The company has also updated its website with the announcement.