New Delhi, Oct. 11 -- Ola Electric Rs.1,000 crore right issue: Shares of Ola Electric Mobility will remain in focus in the coming week ahead of the record date for its right issue. The EV maker has fixed Tuesday as the crucial date to determine eligibility of shareholders for the payout.

Ola Electric Mobility share price closed nearly 1.83% higher during Friday's trading session after seeing steep decline in the previous trading session.

The Bhavish Agarwal-led EV manufacturer had approved the offer and issuance of partly paid-up equity shares of the company for an amount not exceeding Rs.1,000 crores by way of a rights issue.

The rights issue will be carried out in accordance with Companies Act, 2013, as amended and the rules made the...