OLA Electric’s Board of Directors has approved a proposal to raise up to ₹1,500 crore. The funding will be secured through the issuance of equity shares and/or convertible securities, including warrants via public offer, rights issue, qualified institutional placement, or other permitted methods. This decision is subject to shareholder approval via postal ballot and other regulatory approvals.
Funding Proposal Approved
The Board of Directors of OLA Electric Mobility Limited has greenlit a proposal to raise funds up to ₹1,500 crore. The board’s decision was made at a meeting held on October 25, 2025.
Details of Fundraising
The fundraise will be executed through the issuance of fully paid-up Equity Shares and/or convertible securities, including warrants. The methods of issuance may include a further public offer, rights issue, qualified institutional placement (QIP), private placement, and other options permitted under applicable laws. The final decision is pending shareholder approval, which will be sought through a postal ballot, as well as other required regulatory approvals.
Source: BSE
