New Delhi, Oct. 22 -- Motilal Oswal Financial Services and Calliope Capital Advisors, an investment vehicle associated with the Motilal Oswal group, have applied for a combined 2.39 crore shares in Ola Electric's Rs.1,000 crore rights issue on the first day of the offer, which opened on Thursday.

The electric two-wheeler maker said in an exchange filing that ANI Technologies Private Limited, a member of Ola Electric's promoter group and the parent company of Ola Cabs, renounced 1,28,33,054 rights entitlements in favour of Motilal Oswal Financial Services. The financial services company applied for all the entitlements it received.

Separately, Indus Trust, acting through its trustee Ankush Agarwal, renounced 1,10,22,422 rights entitlemen...