# Ola Electric Board to Consider Rights Issue on September 28

> Ola Electric Mobility's board will meet on September 28, 2026, to consider raising fresh capital through a rights issue open to eligible shareholders.
- **Author**: Prakash
- **Published**: 2026-09-23
- **Modified**: 2026-09-24
- **Category**: news
- **URL**: https://bestev.in/news/ola-electric-board-to-consider-rights-issue-on-september-28-20260923

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Ola Electric Mobility will consider raising fresh capital through a rights issue of equity shares at a board meeting scheduled for September 28, 2026, the electric two-wheeler manufacturer has informed the stock exchanges.

The proposal remains subject to approval by the company's board as well as the necessary regulatory and statutory clearances. Ola Electric has not yet disclosed the size, price, entitlement ratio, record date or timetable for the proposed issue.

## What Ola Electric has announced

According to the company, the rights-issue route is being considered to allow all eligible shareholders--including retail investors, institutional shareholders and the promoter group--to participate in the capital raise, subject to applicable laws.

A rights issue gives eligible existing shareholders the opportunity to buy additional shares, usually in proportion to their current holdings and at a price set by the company. Investors are not required to participate, and the complete terms are normally announced only after the board approves the proposal.

The September 28 meeting is therefore an initial decision point. It should not be treated as confirmation that the issue has already opened.

## Follows earlier INR 1,500 crore fundraising approval

Ola Electric had previously secured an enabling approval to raise up to INR 1,500 crore through equity shares or other eligible securities. The company subsequently raised INR 780 crore through a qualified institutional placement, or QIP, in June 2026.

The proposed rights issue represents a change in the chosen fundraising route for the next phase. Unlike a QIP, which is placed with qualified institutional buyers, a rights issue can include eligible retail shareholders and members of the promoter group.

Ola Electric has not specified whether it intends to raise the entire unused portion of the earlier INR 1,500 crore approval through the rights issue. The final amount and structure will depend on the board's decision and subsequent approvals.

## Why fresh capital matters for Ola Electric

The fundraising proposal comes as Ola Electric continues investing across electric vehicles, battery-cell manufacturing and energy-storage products. The company has been expanding its indigenous cell platform while working to strengthen its automotive operations, service network and manufacturing capabilities.

Fresh equity could provide additional financial flexibility for these programmes and general corporate requirements. However, the exact use of proceeds will become clear only when the company releases the detailed rights-issue documents.

For investors, the key details to watch after the September 28 meeting will include:

- Total fundraising amount
- Issue price and discount, if any
- Rights entitlement ratio
- Record date for shareholder eligibility
- Promoter participation
- Proposed use of the proceeds
- Opening and closing dates

## What happens next?

If the board approves the proposal, Ola Electric will need to disclose the terms to the stock exchanges and proceed in accordance with securities regulations. Eligible shareholders should rely on the company's official filings and offer documents before making an investment decision.

Until those terms are announced, the development should be viewed as a proposal under consideration rather than a completed capital raise.

*This article is for informational purposes only and does not constitute investment advice.*

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