Neutral impactCorporate Action
OIa Electric rights issue: Last day to buy EV scooter maker’s shares to be eligible for Rs 1,000 crore rights issue
Economic Times 1 hr ago·12 Oct 2026, 3:20 am
Ola Electric has set a last date for investors to subscribe to its upcoming Rs 1,000 crore rights issue. This process allows existing shareholders to buy additional shares at a discounted price, which is a way for the company to raise fresh capital without going to the market for a fresh public issue.
The company has fixed the issue price at Rs 27 per share, which is priced lower than the current market value. This discount makes the offer attractive to current shareholders who want to increase their stake in the company. It is important for investors to subscribe to these rights shares before the deadline to maintain their ownership percentage in the firm.
Investors should watch for the subscription status after the issue closes. A strong response from shareholders could signal confidence in the company's future. Conversely, a low subscription might raise questions about the company's growth prospects and its ability to raise funds in the future.
Key takeaways
- Category: Corporate Action.
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