Key Highlights
- Ola Electric allotted 37,02,72,665 partly paid-up equity shares under its rights issue.
- The shares were issued at ₹27 per share, including a premium of ₹17.
- Shareholders paid ₹16.20 per share at application, with the remaining ₹10.80 payable through subsequent calls.
- Ola Electric’s paid-up share capital increased from ₹4,628.41 crore to ₹4,850.57 crore.
- The allotment was approved by the Rights Issue Committee on November 2, 2026.
Ola Electric Mobility Limited has allotted 37,02,72,665 partly paid-up equity shares under its rights issue following approval from the company’s Rights Issue Committee on November 2, 2026. The shares have a face value of ₹10 each and a total issue price of ₹27 per share, including a premium of ₹17.
Eligible shareholders were required to pay ₹16.20 per share at the time of application, including a premium of ₹10.20. The remaining ₹10.80 per share will be payable through subsequent calls in accordance with the terms of the Letter of Offer.
Following the allotment, Ola Electric’s paid-up equity share capital increased from ₹4,628.41 crore to ₹4,850.57 crore. The revised share capital comprises 4,62,84,08,313 fully paid-up equity shares of ₹10 each and 37,02,72,665 partly paid-up equity shares.
The allotment was approved at a Rights Issue Committee meeting held on November 2, 2026.