Ola Electric Share Price Surges After Receiving in Principle Approval for ₹1,000 Crore Rights Issue

Written by: Team Angel OneUpdated on: 8 Oct 2026, 3:29 pm IST

Ola Electric has received in-principle approval for its proposed Rights Issue of up to ₹1,000 crore.

Ola Electric Mobility has received in-principle approval from the stock exchanges for its proposed Rights Issue of up to ₹1,000 crore. The approval was received on October 6, 2026.

The company’s Board will meet on October 7 to consider the details of the proposed fundraising. The issue will involve partly paid-up equity shares with a face value of ₹10 each.

Board To Decide Key Issue Terms

The Board meeting will cover the main terms of the Rights Issue. This includes the issue price, payment mechanism and rights entitlement ratio.

The company has not yet finalised these details, with the Board scheduled to consider and decide on them at the meeting.

Rights Issue Follows Exchange Approval

The in-principle approval received on October 6 follows the company’s earlier communications regarding the proposed Rights Issue.

The October 7 Board meeting will now take up the remaining decisions connected with the fundraising.

As of 07 October 2026, at 12:06 PM, Ola Electric Mobility Ltd share price is trading at ₹36.34 per share, reflecting a surge of 1.06% from the previous trading session.

Conclusion

Ola Electric has received the initial approval for its proposed Rights Issue, with the Board now set to finalise the key terms and timing of the fundraising.

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Published on: Oct 7, 2026, 1:13 PM IST

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