Ola Electric to open Rs 1,000 Cr rights issue on October 22

Ola Electric will open its Rs 1,000 crore rights issue on October 22 and close it on October 30, 2026. The company will issue 37.03 crore partly paid-up shares at Rs 27 each, including a Rs 17 premium, raising Rs 999.74 crore if fully subscribed. Founder Bhavish Aggarwal pledged a 4.32% stake to fund his participation.

• 37.03 crore shares at Rs 27 each, including a Rs 17 premium
• Two rights shares for every 25 held; record date October 13
• Rs 16.20 payable on application, Rs 10.80 by October 31, 2027
• Bhavish Aggarwal pledged 4.32% stake to fund his subscription