Ola Electric Sets Record Date Oct 13 for ₹1,000 Crore Rights Issue
Ola Electric approved a Rights Issue of up to ₹1,000 crore, offering 37,02,72,665 partly paid-up equity shares at ₹27 each. The record date is October 13, 2026. The issue opens October 22 and closes October 30, 2026. Eligible shareholders will receive 2 rights shares for every 25 held.
A rights issue of ₹1,000 crore is a material event that will impact the company's capital structure and provide substantial funds for its expansion plans, affecting existing shareholders and the company's financial standing.
The announcement details a significant fundraising event through a rights issue, which is generally viewed positively as it provides capital for growth and operations.
Ola Electric Mobility Limited has announced that its Board of Directors, in a meeting held on October 07, 2026, approved the terms of its Rights Issue. The issue aims to raise up to ₹1,000 crore by offering partly paid-up equity shares. The Rights Issue will involve 37,02,72,665 Rights Equity Shares, with a total issue size aggregating to ₹9,99,73,61,955, assuming full subscription and payment of call monies. The Rights Issue Price is set at ₹27 per share, comprising a face value of ₹10 and a premium of ₹17. Payment will be structured in two tranches: ₹16.20 per share (60% of the issue price) on application, and the remaining ₹10.80 per share (40% of the issue price) in the first and final call, expected on or before October 31, 2027. The Board reserves the right to alter this payment schedule.
The record date for determining eligible shareholders to receive their rights entitlement has been fixed as October 13, 2026. The Rights Issue period will commence on Thursday, October 22, 2026, and will close on Friday, October 30, 2026. The last date for on-market renunciation of Rights Entitlements will be Monday, October 26, 2026.
The rights entitlement ratio is set at 2 Rights Equity Shares for every 25 fully paid-up Equity Shares held as of the record date. Prior to the Rights Issue, the company has 4,62,84,08,313 equity shares outstanding. Post the Rights Issue, assuming full subscription, the total outstanding equity shares will be 4,99,86,80,978.
The Board also approved the Letter of Offer for filing with regulatory authorities. The meeting of the Board of Directors commenced at 05:02 PM (IST) and concluded at 05:30 PM (IST) on October 07, 2026.
What to do with a filing like this
Ola Electric Mobility Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ola Electric Mobility Limited. Read the original for the full detail.