Ola Electric board approves plan to raise up to Rs 1,500 Cr

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Ola Electric Mobility Limited has approved a proposal to raise up to Rs 1,500 crore through a mix of equity and convertible securities.

According to a stock exchange filing, the company’s board cleared the fundraising plan in its meeting held on October 25. The capital may be raised via further public offer, rights issue, qualified institutional placement, private placement or any other permitted mode.

Ola Electric, which listed on the stock exchanges in August last year, has been expanding its electric two-wheeler lineup and charging infrastructure…



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Ola Electric board approves plan to raise up to Rs 1,500 Cr


Ola Electric Mobility Limited has approved a proposal to raise up to Rs 1,500 crore through a mix of equity and convertible securities.

According to a stock exchange filing, the company’s board cleared the fundraising plan in its meeting held on October 25. The capital may be raised via further public offer, rights issue, qualified institutional placement, private placement or any other permitted mode.

Ola Electric, which listed on the stock exchanges in August last year, has been expanding its electric two-wheeler lineup and charging infrastructure…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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