Ola Electric Mobility rights issue: Ola Electric Mobility's rights issue came into focus on Thursday, October 22, after the company confirmed that two specific investors had submitted applications for a total of 2.39 crore rights entitlements on the opening day of the issue.
In a regulatory filing dated October 22, 2026, the electric two-wheeler manufacturer said both investors had applied for all the rights entitlements transferred to them by the promoter-linked entities. The disclosure was made under Regulation 77B(2) of the Securities and Exchange Board of India’s Issue of Capital and Disclosure Requirements Regulations, 2018, as amended.
According to the filing, ANI Technologies Private Limited, a member of Ola Electric’s promoter group and the parent of Ola Cabs, renounced 1,28,33,054 rights entitlements in favour of Motilal Oswal Financial Services. The financial services company applied for the entire number of entitlements it received.
Separately, Indus Trust, acting through its trustee Ankush Agarwal, renounced 1,10,22,422 rights entitlements in favour of Calliope Capital Advisors. Calliope Capital also applied for all the entitlements transferred to it.
Together, the two investors applied for 2,38,55,476 rights entitlements, equivalent to approximately 2.39 crore. The filing confirmed the applications but did not specify the investors’ reasons for applying.