Ola Electric Mobility Limited has confirmed the receipt of applications from specific investors for its ongoing Rights Issue of partly paid-up equity shares. The company submitted this intimation to the stock exchanges, detailing the number of rights entitlements applied for by ANI Technologies Private Limited and Indus Trust. This confirmation aligns with the SEBI ICDR Regulations, providing transparency on investor participation in the capital raise.
Ola Electric Mobility Confirms Rights Issue Subscriptions
Ola Electric Mobility Limited has officially informed the stock exchanges about the confirmation of applications received from Specific Investors for its ongoing Rights Issue. This disclosure, made on October 22, 2026, pertains to the partly paid-up equity shares being offered as part of the Rights Issue, in compliance with the SEBI ICDR Regulations.
Key Investor Applications
The company detailed that the following Specific Investors have submitted their applications on the Issue Opening Date, October 22, 2026, before 11:00 A.M.:
- ANI Technologies Private Limited, a member of the Promoter Group (Renouncer), applied for 12,833,054 rights entitlements. This corresponds to the total number of rights entitlements renounced.
- Indus Trust (through its trustee Ankush Agarwal), represented by Calliope Capital Advisors LLP, also applied for 11,022,422 rights entitlements, matching the number of rights entitlements renounced.
In total, the Specific Investors applied for 23,855,476 rights entitlements, representing the full amount renounced by the promoter group. This confirmation is a part of the company’s ongoing communication regarding its capital-raising activities.
Intimation to Exchanges
The intimation was submitted to both the National Stock Exchange of India Limited (Scrip Code: OLAELEC) and BSE Limited (Scrip Code: 544225). Further details regarding this announcement will also be made available on the company’s official website.
Source: BSE
