To avail this RIGHTS offer you need to have Ola Shares in your demat account. Today 12th Oct is last date

The Ola Electric Rights Issue is a corporate fundraise through which the company aims to raise approximately ₹999.74 crore.

It gives existing shareholders an invitation to purchase additional, newly issued shares of the company at a discounted price.

Key Details of the Ola Rights Offer:

• The Issue Price: ₹27 per equity share. (This is priced significantly lower than its open-market trading value to incentivize existing investors).
• The Entitlement Ratio: 2 Rights Shares for every 25 shares you hold. For example, if you own 25 shares of Ola Electric, you have the right to buy 2 new shares at ₹27 each.

• The Payment Breakdown:
  • First Call (On Application): You pay ₹16.20 per share (60% of the price) when you apply.
  • Final Call: The remaining ₹10.80 per share will be collected at a later date set by the board (expected by October 31, 2027).