Ola Electric Mobility Ltd to raise Rs. 1500 crores

The Board of Directors of Ola Electric Mobility Limited ("the Company"), at its meeting held today, i.e., October 25, 2025, has considered and approved a proposal for raising of funds, by issue of such number of fully paid-up Equity Shares, and/or convertible securities (including warrants, or otherwise, in registered or bearer form, ADRs, GDRs, amongst others, as applicable through further public offer, rights issue, qualified institutional placement ("QIP"), private placement and/ or any other permitted modes under applicable laws, for an aggregate consideration of up to Rs. 1,500 crore (Rupees One Thousand Five Hundred Crore only), subject to the approval of the shareholders of the Company by way of postal ballot and subject to such regulatory/statutory approvals as may be required.

Shares of OLA Electric Mobility Limited was last trading in BSE at Rs. 52.85 as compared to the previous close of Rs. 53.67. The total number of shares traded during the day was 778568 in over 4549 trades.

The stock hit an intraday high of Rs. 54.24 and intraday low of 52.60. The net turnover during the day was Rs. 41329502.00.

Source : Equity Bulls

Keywords

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