Ola Electric’s board approves a rights issue of up to ₹1,000 crore, the company says. The plan allows existing shareholders, including retail investors, to participate in the fund-raising by subscribing to the offered shares.
NDTV reports that promoter Bhavish Aggarwal is also expected to participate. According to sources cited by NDTV, Aggarwal may fund his participation by pledging part of his holding. The company’s disclosures focus on enabling shareholder participation, while the reporting highlights the method by which the promoter could provide the required funds.
Together, the accounts indicate a capital-raising effort through a rights issue and additional participation from the promoter, with at least one outlet describing pledge-based funding as a potential approach.
