Ola Electric Rights Issue: Motilal Oswal, Calliope Apply For 2.39 Cr Shares
Motilal Oswal Financial Services and Calliope Capital Advisors (controlled by Navin Agarwal) have subscribed for 2.39 crore shares combined in Ola Electric's ₹1,000 crore rights offering, acquiring entitlements transferred by promoter group entities ANI Technologies and Indus Trust. Founder Bhavish Aggarwal committed to subscribing to his full rights entitlement, and other promoter members have also pledged to subscribe or transfer their shares within permitted categories.
Key points
- ₹1,000 crore rights issue with 2.39 crore shares applied by financial investors
- Transfers from promoter entities ANI Technologies and Indus Trust
- Founder Bhavish Aggarwal committed to full entitlement subscription
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