OLA Electric Mobility concluded the issue period for its rights issue of partly paid-up equity shares today. The company previously received board approval to raise funds through this mechanism, which officially opened for subscription on October 22, 2026.
The Board of Directors at OLA Electric Mobility authorized the terms for the issuance of rights equity shares during a meeting held on October 7, 2026. This capital raising exercise is capped at an amount not exceeding ₹1,000 crores. The company conducted this process in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India regulations regarding capital and disclosure requirements.
According to the official filing submitted to the BSE, the rights issue process reached its conclusion on October 30, 2026. The company followed all applicable legal frameworks and rules while managing the issuance of these partly paid-up equity shares to eligible participants.
Based on company and agency reports. For information only; not investment advice.