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Board approved an enabling resolution to raise up to ₹1,500 crore through equity or convertible securities, subject to shareholder and regulatory approvals, alongside a ₹403-crore increase in authorised capital. COO Hyun Shik Park resigned effective September 5. Context: another financing step amid ongoing cash burn.
Ola Electric Promoter Pledges 4.32 Percent Stake To Fund Rights Subscription
Ola Electric Schedules October 5 Board Meet For ₹1,000 Crore Rights Issue
Ola Electric Board Approves Rs 1,000 Crore Rights Issue For Shareholders
Ola Electric Board Approves ₹1,500 Crore Fund Raise Plan
Ola Electric Board To Consider Equity Fund Raise On September 5