Ola Electric Share Price in Focus; Board Approves ₹1,000 Crore Rights Issue

Ola Electric Mobility’s Board has approved a rights issue of nearly ₹1,000 crore at ₹27 per share, as per an exchange filing. The decision was taken at its meeting on October 7, 2026, following the in-principle approvals received from BSE and NSE on October 6, 2026.      

Issue Details 

The issue will comprise 37,02,72,665 partly paid-up equity shares with a face value of ₹10 each. The total amount will be ₹9,99,73,61,955, assuming full subscription and payment of the call money. The issue price includes a premium of ₹17 per share.      

Of the ₹27 issue price, ₹16.20 will be payable on application, comprising ₹6 towards face value and ₹10.20 as premium. The balance ₹10.80 will be collected through the first and final call, which is expected to be completed on or before October 31, 2027.      

Record Date 

The company has fixed October 13, 2026, as the record date to determine shareholders eligible for the rights entitlement. Under the issue, shareholders will receive two rights shares for every 25 fully paid-up equity shares held on the record date.    

Issue Schedule 

The rights issue will open on October 22, 2026. Trading in the rights entitlements will close on October 26, 2026, while the issue is scheduled to close on October 30, 2026. The company can extend the issue period, subject to a maximum extension of 30 days from the opening date.      

Share Capital 

Ola Electric had 4,62,84,08,313 outstanding equity shares before the rights issue. This is expected to increase to 4,99,86,80,978 shares after the issue, assuming full subscription and payment of call monies.      

The Board has also approved the Letter of Offer for filing with SEBI, BSE and NSE. Further rights issue terms, including fractional entitlements, will be included in the Letter of Offer. 

Read More: HCLTech Share Price in Focus; Expands South Africa Operations with New AI Centre! 

Ola Electric Mobility Share Price Performance 

As of October 8, 2026, 10:52 am, Ola Electric Mobility share price was trading at ₹35.27, a 2.89% decrease from the previous closing price. 

Conclusion  

The ₹1,000 crore rights issue will comprise 37.02 crore partly paid-up shares at ₹27 each. Shareholders on the October 13 record date will be eligible for the rights entitlement. 

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