New Delhi, Oct. 7 -- Ola Electric Mobility has received in-principle approval from the stock exchanges for its proposed rights issue of up to Rs 1,000 crore, with the company's board set to meet on Wednesday to decide the issue price, entitlement ratio and other key terms.

In an exchange filing, the company said it had received the approval on Tuesday and that the board meeting would be held on October 7 "to consider, discuss and decide various matters in connection with the Rights Issue" of partly paid-up equity shares.

"We wish to inform you that the Company has received the in-principle approval today, i.e., October 06, 2026 from the stock exchanges where the securities of the Company are listed for the proposed Rights Issue of the C...