Ola Electric Mobility Share Price in Focus; Approves Rights Issue of Up to ₹1,000 Crore

Ola Electric Mobility has approved a rights issue of partly paid-up equity shares to raise up to ₹1,000 crore. The decision was taken at a board meeting on September 28, 2026, according to the company’s filing with the stock exchanges.  

The proposed issue will comprise partly paid-up equity shares with a face value of ₹10 each. The shares will be offered to eligible shareholders whose names appear on the record date. The record date has not yet been announced.  

Key Terms Yet to Be Finalised 

Ola Electric has not disclosed the number of shares that will be issued under the proposed offering. The filing states that the total amount will not exceed ₹1,000 crore, while the final number of securities will be decided by the board.  

The company is yet to decide the rights issue price and the rights entitlement ratio. The payment terms, timing of the issue and record date are also pending. These details will be announced to the stock exchanges once finalised.

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Regulatory Approvals 

The rights issue remains subject to applicable regulatory and statutory approvals. The company said the issue will be undertaken in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and other applicable laws.  

The proposed securities are specifically classified as partly paid-up equity shares, while the mode of issuance is a rights issue for eligible existing shareholders. The company has not disclosed any cancellation or termination of the proposal.  

October 5, 2026, Board Meeting 

Ola Electric has scheduled another board meeting for October 5, 2026, or a later date if required, depending on receipt of in-principle approval from the stock exchanges or other regulatory authorities.  

The meeting will consider the issue price, payment mechanism, entitlement ratio, record date and timing of the rights issue. 

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Ola Electric Mobility Share Price Performance  

As of September 29, 2026, 11:00 am, Ola Electric Mobility share price was trading at ₹36.77, a 2.88% decrease from the previous closing price. 

Conclusion 

The board has approved the proposed ₹1,000 crore rights issue, but several key terms remain undecided. Further details are expected following the next board meeting. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

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