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By Business Desk

Ola Electric Mobility announces a rights issue to raise ₹1,000 crore. Discover key details, share pricing, eligibility, and timelines for investors.

Ola Electric Mobility has officially announced a rights issue aimed at raising ₹1,000 crore to support its growth initiatives and capital requirements. This financial move allows existing shareholders to purchase additional shares at a predetermined price.

Offer Details and Key Timelines

The company provided a comprehensive breakdown of the offer structure for investors.

  • Issue Size: ₹1,000 crore
  • Mechanism: Rights issue for existing shareholders
  • Eligibility: Determined by a specific record date

Shareholders are advised to review these details carefully to understand the impact on their investment and the subscription process.

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Ola Electric Announces ₹1,000 Crore Rights Issue

An Ola electric scooter parked in front of a digital display showing stock market charts and financial data.

Ola Electric scooter and digital stock market charts.