Ola Electric Mobility Limited has successfully completed a rights issue, as announced on November 02, 2026. The company allotted 37,02,72,665 partly paid-up equity shares at a price of ₹16.20 per share. This successful allotment has led to an increase in the company’s paid-up equity share capital, reflecting a significant capital infusion through this rights offering.
Ola Electric Mobility Completes Rights Issue
Ola Electric Mobility Limited announced the completion of its rights issue on November 02, 2026. This follows previous board approvals and board meetings held on September 28, 2026, and October 07, 2026, which greenlit the offer and issuance of partly paid-up equity shares to eligible shareholders.
Key Allotment Details
The Rights Issue Committee of Ola Electric Mobility Limited, in its meeting held on November 02, 2026, approved the allotment of 37,02,72,665 partly paid-up Equity Shares. These shares were issued at a price of ₹16.20 per Equity Share, which includes a premium of ₹10.20 per Equity Share. This allotment effectively represents the finalization of the basis of allotment for the rights issue.
Impact on Share Capital
The successful rights issue has resulted in a notable increase in Ola Electric Mobility Limited’s paid-up equity share capital. The capital has increased from the previous amount of ₹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 total comprises 4,62,84,08,313 fully paid-up Equity Shares and the newly allotted 37,02,72,665 partly paid-up Equity Shares, with ₹6 paid-up on each of these.
Meeting Commencement and Conclusion
The meeting of the Rights Issue Committee, where the allotment was finalized, commenced at 08:00 p.m. and concluded at 08:15 p.m. on November 02, 2026.
Source: BSE
