[Update] Ola Electric Allots Rights Equity Shares For ₹1,000 Cr Fundraise

EV maker Ola Electric completed allotment of its rights issue, allocating 37.03 crore shares at ₹27 per share to raise approximately ₹999.7 crore. Shareholders initially paid ₹16.20 per share (totaling ₹599.8 crore), with ₹10.80 per share (totaling ₹399.9 crore) due on a final call. The rights offer gave existing shareholders two new shares for every 25 held as of the record date.

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