Ola Electric Sets Record Date for ₹1,000 Cr Rights Issue

Ola Electric Mobility Ltd has announced October 13, 2026, as the record date for its upcoming rights issue. The company's Board of Directors, in a meeting held on October 7, 2026, approved the issuance of partly paid-up equity shares worth up to ₹1,000 crores. The rights issue will involve 37,02,72,665 equity shares priced at ₹27 each, with ₹16.20 payable on application and the remaining ₹10.80 by October 31, 2027. This move aims to raise capital for the company's growth and expansion plans. The issue opens on October 22, 2026, and closes on October 30, 2026. Shareholders will receive 2 rights equity shares for every 25 shares held.