Ola Electric Fixes October 13 Record Date for ₹1,000 Crore Rights Issue

Ola Electric Mobility has fixed Tuesday, October 13, as the record date to determine shareholder eligibility for its upcoming ₹1,000 crore rights issue.

The company has priced the rights issue at ₹27 per equity share, which includes a face value of ₹10 and a premium of ₹17 per share.

Eligible investors will be offered a rights ratio of 2 equity shares for every 25 fully paid-up shares held on the record date.