Ola Electric approved a 1,000 crore rupee rights issue at 27 rupees per share, its fourth equity raise in two years, sending the stock down sharply

Thu 8 Oct 2026

Rights issue size

1,000 crore rupees

Rights issue price

27 rupees per share

Previous closing price

36 rupees

Stock move today

-8 percent

Rights entitlement ratio

2:25

Heard on business television between 12:16:33 - 12:19:33 IST.

• Board approved a 1,000 crore rupee rights issue at a price of 27 rupees per share, a steep discount to previous close of 36 rupees
• Stock fell as much as 8% in trade on the news
• Record date for the rights entitlement set as October 13, issue to open October 22 and run till October 30, with a 2:25 rights entitlement ratio
• Promoter pledged 4.32% stake in the company to participate in the rights issue
• This is the fourth equity raise in two years: IPO in September 2024 raised 5,500 crore rupees at 76 rupees per share, a QIP in June 2026 was done at 36-37 rupees, another 1,500 crore QIP approved in September is yet to be launched
• Persistent cash outflow cited as reason for repeated fundraising

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