Ola Electric Closes ₹1,000 Crore Rights Issue

Key Details of the Rights Issue

The meeting of the Board of Directors of the Company, held on October 7, 2026, approved the terms for issuing partly paid-up equity shares (referred to as "Rights Equity Shares") through a rights issue.

The total size of the Rights Issue is ₹1,000 crores.

Issue Timeline

The Rights Issue opened on October 22, 2026.

The Rights Issue closed on the date of this letter, October 30, 2026.