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Promoter Bhavish Aggarwal pledged 4.32% stake to fund his subscription to the Board-approved rights issue. No shares are being sold and no other promoter holdings are pledged; he will subscribe on same terms as others. Context: confirms promoter participation in pending rights raise.
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 Fundraising Resolution Pending Shareholder Approval
Ola Electric Board Approves ₹1,500 Crore Fund Raise Plan
Ola Electric Board To Consider Equity Fund Raise On September 5