News ArticleOla Electric Mobility Allots 37.03 Crore Partly Paid Equity Shares at ₹16.20 Each, Raising Over ₹599 Crore
Rights share allotment boosts company’s paid-up equity capital to ₹4,850.57 crore as of November 2, 2026
Ola Electric Mobility Limited completed the allotment of 37,02,72,665 partly paid-up equity shares at ₹16.20 per share in a rights issue to its eligible shareholders, increasing paid-up equity capital to ₹4850.57 crore as of November 2, 2026. The issue price included a premium of ₹10.20 per share, with the balance amount payable on first and final call.
Ola Electric Mobility Limited
Preferential Issue
Ola Electric Mobility Limited completed the allotment of 37,02,72,665 partly paid-up equity shares at a price of ₹16.20 per share through a rights issue to its eligible equity shareholders, increasing the company’s paid-up equity capital as of November 2, 2026.
The partly paid shares have a face value of ₹10 each, with ₹6 per share paid up; the issue price includes a premium of ₹10.20 per equity share.
Following this allotment, the paid-up equity capital rose from ₹4,628.41 crore comprising 462,84,08,313 fully paid shares to ₹4,850.57 crore comprising the fully paid shares plus the newly allotted partly paid shares.
The rights issue was made to all equity shareholders as of the record date, with the balance amount to be paid on the first and final call as defined in the Letter of Offer.
The Rights Issue Committee approved the allotment in a meeting held on November 2, 2026, completing the process within 15 minutes.
Highlights
- Allotment of 37,02,72,665 partly paid equity shares at ₹16.20 per share including ₹10.20 premium.
- Increase in paid-up equity capital from ₹4,628.41 crore to ₹4,850.57 crore.
- Shares carry a ₹10 face value, with ₹6 paid-up per partly paid share.
- Rights issue extended to eligible shareholders as on record date.
- Balance amount payable on first and final call per Letter of Offer.
- Rights Issue Committee meeting held on November 2, 2026, approved allotment.
Key Data Snapshot
What happened
- Ola Electric completed allotment of 37,02,72,665 partly paid-up equity shares under a rights issue.
- The shares were allotted at ₹16.20 each, including a premium of ₹10.20 per share.
- The paid-up capital increased to ₹48,50,57,19,120 from ₹46,28,40,83,130.
- The allotment was approved in the Rights Issue Committee meeting held on November 2, 2026.
Key details
- Partly paid-up equity shares have a face value of ₹10 each with ₹6 paid on allotment.
- The rights issue was offered to eligible equity shareholders as of the record date.
- The balance amount on shares is payable on first and final call per Letter of Offer.
- No cancellation or termination of the issue was reported.
Regulatory and governance context
- The rights issue complies with SEBI Listing Regulations and related circulars dated January 30, 2026.
- Details of the issue were disclosed under Regulation 30(6) of SEBI Listing Regulations.
- The company made disclosures available on its website under investor relations.
Highlights
- Allotment of 37,02,72,665 partly paid equity shares at ₹16.20 per share including ₹10.20 premium.
- Increase in paid-up equity capital from ₹4,628.41 crore to ₹4,850.57 crore.
- Shares carry a ₹10 face value, with ₹6 paid-up per partly paid share.
- Rights issue extended to eligible shareholders as on record date.
- Balance amount payable on first and final call per Letter of Offer.
- Rights Issue Committee meeting held on November 2, 2026, approved allotment.
Disclosures
- SEBI Listing Regulations 2015
- SEBI Master Circular No. HO/49/14/14(7)2025 -CFD -POD2/I/3762/2026 dated January 30, 2026
More News on Preferential Issue
View allLatest corporate announcements and market updates in Preferential Issue.
Lloyds Engineering Raises Rs 504.04 Crores in Preferential Share Issue Including Acquisition of 40.74% Stake in SISCOL
Lloyds Engineering Works Limited raised a total of Rs 504.04 crores through a preferential equity share issue during the quarter ended September 30, 2026, combining cash and share swap transactions to acquire a significant stake in Steel Infra Solutions Company Limited (SISCOL).
Read Full Story
Bajaj Finance Limited Approves Preferential Warrant Issuance and Qualified Institutions Placement at Extraordinary General Meeting
Bajaj Finance Limited held an Extraordinary General Meeting on 2 November 2026 to approve the issuance of warrants on a preferential basis to its promoter Bajaj Finserv Limited and the issuance of securities under Qualified Institutions Placement.
Read Full Story
Evonile Pharma Receives BSE In-Principle Nod for ₹9,000 Million Rights Issue; Board Meeting Set for November 4, 2026
Evonile Pharma Limited has obtained in-principle approval from BSE for its proposed rights issue of partly paid equity shares aggregating up to ₹9,000 million. The company plans to hold key board meetings on November 4, 2026, to approve the Letter of Offer and determine issue specifics.
Read Full Story
