Ola Electric Board Clears Fundraise of Up to Rs 1,500 Crore

Overview

• Ola Electric said in an exchange filing that its board approved a plan to raise up to Rs 1,500 crore through the issue of securities.
• The authorization allows equity shares or convertible securities, including warrants, via routes such as a rights issue, qualified institutional placement or private placement, as permitted by law.
• The decision was taken at a board meeting held on October 25, 2025.
• The proposed raise requires shareholder approval along with necessary regulatory clearances before proceeding.
• The company has not detailed the schedule, pricing terms or intended use of the proceeds in its public disclosures.