Ola Electric Sets ₹1,000 Crore Rights Issue for October 22 at ₹27 a Share
Ola Electric has scheduled its ₹1,000 crore rights issue to open for subscription on October 22 and close on October 30, with the issue price fixed at ₹27 per share. The move gives existing shareholders a chance to buy additional equity at a discount, while signalling the company’s continued need for capital as it navigates a demanding phase in India’s electric vehicle market.
