Motilal Oswal Asset Management Company Limited, acting as the Investment Manager for Motilal Oswal Mutual Fund, has disclosed the acquisition of shares in Ola Electric Mobility Limited. This action is in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure follows a rights issue by Ola Electric Mobility, leading to an increase in its paid-up equity share capital. The holding by the mutual fund schemes now represents 7.3230% of Ola Electric’s total voting capital.
Motilal Oswal Mutual Fund Discloses Ola Electric Share Acquisition
Motilal Oswal Asset Management Company Limited, on behalf of the Schemes of Motilal Oswal Mutual Fund, has submitted a disclosure report regarding the substantial acquisition of shares in Ola Electric Mobility Limited. This report is filed as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Impact of Rights Issue on Share Capital
The disclosure highlights that Ola Electric Mobility Limited’s paid-up equity share capital has been augmented following a recent Rights Issue. The total equity share capital has increased from ₹46,28,40,83,130 (comprising 4,62,84,08,313 fully paid-up equity shares of ₹10 each) to ₹48,50,57,19,120. This new capital structure includes 4,62,84,08,313 fully paid-up Equity Shares and 37,02,72,665 partly paid-up Equity Shares (₹6/- paid-up).
Acquisition Details and Current Holding
Prior to this acquisition, the mutual fund schemes held 30,59,33,444 shares, representing 6.6099% of Ola Electric Mobility Limited’s total voting capital. Following the acquisition, which occurred on November 03, 2026, the total number of shares held by the schemes has increased to 36,60,55,264. This new holding accounts for 7.3230% of the total diluted share and voting capital of Ola Electric Mobility Limited.
Target Company and Listing
Ola Electric Mobility Limited’s shares are listed on both the BSE Limited and the National Stock Exchange of India Limited. The disclosure confirms that Motilal Oswal Mutual Fund schemes do not belong to the Promoter or Promoter group of the target company.
Filing Compliance
The filing by Motilal Oswal Asset Management Company Limited, signed by Aparna Karmase, Head – Compliance, Legal & Secretarial, ensures adherence to regulatory requirements concerning substantial acquisition of shares.
Source: BSE
