OLA Electric has announced that a meeting of its Board of Directors will convene on October 25, 2025, to consider and approve a proposal for raising funds. The funds may be raised through the issuance of equity shares or other securities via permissible methods, including private placement and qualified institutions placement. The trading window for company securities is currently closed and will reopen 48 hours after financial results are declared.
Fundraising on the Horizon
OLA Electric is preparing to potentially raise funds through the issuance of equity shares or other eligible securities. A board meeting has been scheduled for October 25, 2025, to discuss and approve the proposal.
Details of Fundraising Methods
The company is considering various methods to secure funding, including private placement, qualified institutions placement, or any other method or combination of methods permitted under applicable laws. These options are subject to regulatory approvals and shareholder approval.
Trading Window Update
As previously announced on September 30, 2025, the trading window for dealing in the company’s securities has been closed since October 01, 2025. It will re-open 48 hours after the declaration of the company’s financial results.
Source: BSE
