Ola Electric’s ₹1,000 Cr Rights Issue To Open On October 22, Issue Price Set At ₹27
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Ola Electric’s ₹1,000 Cr rights issue is set to open for subscription onOctober 22 and close on October 30, its board of directors finalised today. The last date for on-market renunciation of rights entitlements has been set at October 26.
At an issue price of ₹27 per share, the company expects to raise ₹999.74 Cr, assuming full subscription and payment of call monies. To note, the issue price is set at a discount of over 5% to Ola Electric’s closing price today (₹36.30).
The rights issue
At an issue price of ₹27 per share, the company expects to raise ₹999.74 Cr, assuming full subscription and payment of call monies. To note, the issue price is set at a discount of over 5% to Ola Electric’s closing price today (₹36.30).
The rights issue
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