📰 ET Markets ⚪ NEUTRAL 🕒 07 Oct 2026, 07:39 PM IST

Ola Electric board approves rights issue at 26 pc discount; shareholders to pay in two calls

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Core Development: Ola Electric board approves rights issue at 26 pc discount; shareholders to pay in two calls

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Market & Financial Impact: Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash breakeven.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Ola Electric board approves rights issue at 26 pc discount; shareholders to pay in two calls

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