Entrackr
Ola Electric to raise up to Rs 1,000 Cr via rights issue
Electric two wheeler maker Ola Electric has approved a plan to raise up to Rs 1,000 crore through a rights issue of partly paid up equity shares.
Via Entrackr
·Excerpt
Ola Electric is yet to finalise the issue price, rights entitlement ratio, record date, issue timeline and payment terms. The number of shares to be issued will also be determined by the board.
New Update
Electric two wheeler maker Ola Electric has approved a plan to raise up to Rs 1,000 crore through a rights issue of partly paid up equity shares.
The company’s board approved the proposal on September 28, subject to regulatory and statutory approvals. The issue will…
Courtesy
This story was originally published by Entrackr. All rights belong to the original publisher.
Read the original on entrackr.com ↗