India, Nov. 3 -- Update | November 3, 2026, 21:45 IST

EV maker Ola Electric has allotted 37.03 Cr partly paid-up equity shares under its rights issue, through which it will raise about Rs.999.7 Cr once the shares are fully paid.

The shares carry an issue price of Rs.27 apiece. Of the issue price, shareholders have paid Rs.16.2 per share on application, amounting to Rs.599.8 Cr. The remaining Rs.10.8 per share, totalling Rs.399.9 Cr, will be payable on the first and final call under the terms of the letter of offer.

Ola Electric's rights issue committee approved the allotment following the finalisation of the basis of allotment in consultation with NSE, the designated stock exchange.

Original | October 7, 2026, 20:08 IST

Ola Electric'...