Ola Electric Mobility Ltd

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Ola Electric Mobility Fund Raise of ₹1,500 Cr

Ola Electric's board approved an enabling resolution to raise up to ₹1,500 Crore via issuance of securities. The meeting also noted management changes and AGM notice.

Value

₹1,500 Cr

Fund RaiseAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Ola Electric Mobility Fund Raise of ₹780.2 Cr

Ola Electric Mobility Limited successfully closed its QIP, raising ₹780.24 Crore. The company allocated 21.76 crore shares at ₹35.86 each to institutional investors.

Value

₹780.2 Cr

Fund RaiseAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Ola Electric Mobility Fund Raise

Ola Electric Mobility Limited launched a Qualified Institutions Placement (QIP) with a floor price of ₹37.74 per share. The move aims to raise capital from institutional investors.

Fund Raise

Ola Electric Mobility Fund Raise of ₹127.6 Cr

Ola Electric Mobility's subsidiary, OET, allotted 12,76,40,000 OCRPS to fellow subsidiary Ola Cell Technologies for ₹127.64 Crore. This preferential allotment via private placement represents the fourth tranche of investment utilizing IPO proceeds, strengthening the group's internal capital structure and operational integration.

Value

₹127.6 Cr