Ola Electric Mobility Limited has announced the closure of its Rights Issue on October 30, 2026. The company’s Board of Directors had previously approved the issuance of partly paid-up equity shares to raise an amount not exceeding ₹1,000 crores. The Rights Issue had opened on October 22, 2026, as per the terms approved by the board.
Rights Issue Period Concludes
Ola Electric Mobility Limited has officially confirmed the closure of its Rights Issue period. The issuance, which commenced on October 22, 2026, concluded today, October 30, 2026. This action follows the approval by the Company’s Board of Directors on October 7, 2026, to proceed with the rights offering.
Fundraising Objective
The Rights Issue was designed to raise funds through the issuance of partly paid-up equity shares, with the objective of securing an amount not exceeding ₹1,000 crores. The process was conducted in accordance with the provisions of the Companies Act, 2013, and relevant SEBI regulations, as amended.
Source: BSE
