Ola Electric Gets Board Nod To Raise INR 1,500 Cr

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SUMMARY

The company said the issue would be undertaken via various routes, including a public offer, rights issue, qualified institutional placement, or private placement

The proposed fundraise will be subject to shareholder approval and other necessary regulatory clearances, Ola Electric said in an exchange filing

Ola Electric’s consolidated net loss widened 23.3% YoY to INR 428 Cr in Q1 FY26, while revenue from operations also nearly halved YoY to INR 828 Cr

Electric vehicle (EV) major Ola Electric’s board today…



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Ola Electric Gets Board Nod To Raise INR 1,500 Cr


SUMMARY

The company said the issue would be undertaken via various routes, including a public offer, rights issue, qualified institutional placement, or private placement

The proposed fundraise will be subject to shareholder approval and other necessary regulatory clearances, Ola Electric said in an exchange filing

Ola Electric’s consolidated net loss widened 23.3% YoY to INR 428 Cr in Q1 FY26, while revenue from operations also nearly halved YoY to INR 828 Cr

Electric vehicle (EV) major Ola Electric’s board today…



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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