Mumbai, June 2 -- The company's Fund Raising Committee, at its meeting held on 1 June 2026, approved the opening of the issue and adopted the preliminary placement document and application form to be circulated to eligible qualified institutional buyers.

The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53.

Ola Electric said it may offer a discount of up to 5% on the floor price, subject to regulatory provisions and shareholder approval obtained in November 2025. The final issue price will be determined by the company in consultation with the book-running lead manage...