Ola Electric subsidiary OET allots fourth tranche of 12.76 crore preference shares to fellow subsidiary OCT for ₹127.64 crore.
The allotment follows shareholder approval for variation of IPO proceeds utilization from August 2025 AGM.
The transaction was executed via preferential allotment through private placement at face value of ₹10 per share.
This is a related party transaction between two material wholly-owned subsidiaries of the listed entity.