New Delhi, June 1 -- OLA Electric Mobility on Monday, 1 June, opened its qualified institutional placement (QIP) of equity shares after receiving board and shareholder approvals, signalling a fresh capital-raising push.

In a filing to the exchanges on Monday, the electric two-wheeler maker said its Fund Raising Committee approved the opening of the qualified institutional placement of equity shares on 1 June 2026, following approvals granted by the board of directors at its meeting held on 25 October 2025, and a special resolution passed by shareholders through postal ballot on 27 November 2025.

The committee approved a floor price of Rs.37.74 per equity share, determined in accordance with SEBI's ICDR Regulations.

"The Fund Raising Co...