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Ola Electric sets ₹27 rights issue price, 26% below market, to raise up to ₹999.74 crore; issue opens 22 October
Ola Electric's shares closed at ₹36.32 on Wednesday, the price against which the discount is measured. The issue closes on 30 October 2026, with the record date set as 13 October 2026 and payment due in two calls.
The numbers
Figures from Mint,
| Rights entitlement ratio: | 2 shares for every 25 held |
|---|---|
| Payable on application: | ₹16.20 per share |
| First and final call: | ₹10.80 per share |
| Rights equity shares to be issued: | 37,02,72,665 |
Why it matters to operators and investors
Pricing the rights issue 26% below market and splitting payment into ₹16.20 now and ₹10.80 by 31 October 2027 shows Ola Electric is prioritising certainty of raising up to ₹999.74 crore over valuation, which is useful context for any partnership or deal talks.
The source
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Also reported by Financial Express Business, Auto & Life, CNBC-TV18, NDTV Profit, Business Today, Autocar Professional
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