Ola Electric Board Approves Rs 1,000 Crore Rights Issue For Shareholders

Board approved a rights issue of partly paid-up equity shares for up to ₹1,000 crore; price, ratio, record date, timing and payment terms are to be decided. Follows a recent QIP, adding to the company’s funding and dilution overhang amid ongoing cash-burn reliance. Issue price, dilution, use of proceeds and payment schedule remain undisclosed; subject to regulatory and statutory approvals.