On this page
Earlier report,
Ola Electric's Bhavish Aggarwal pledges 4.32% stake to fund his share of a rights issue of up to Rs 1,000 crore
Ola Electric is looking to strengthen its finances as Q1 FY27 EV registrations fell 25% to 43,908 units. The pledge is solely to fund the subscription to the rights issue approved on September 28, and no shares are being sold.
- Promoter stake pledged
- 4.32%
- Rights issue size approved
- up to ₹1,000 crore
- Q1 FY27 operating revenue
- ₹455 crore
- down 45%
- Q1 FY27 EV registrations
- 43,908 units
- down 25%
What we verified
Checked against the other reports of this story.
- Not a single-source story: Financial Express, YourStory and Inc42 report the same development independently.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Ola Electric's Rs 1,000 Cr rights issue, announced 28 September, opens October 22 at Rs 27 a share
- Rights shares to be issued: 37.03 crore
- Rights entitlement ratio: 2 shares for every 25 held
- Payable on application per share: Rs 16.20
- First and final call per share: Rs 10.80
On the record
Earlier Ola Electric reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
| Q1 FY27 operating revenue: | Rs 455 crore |
|---|---|
| Q1 FY27 operating revenue decline year-on-year: | 45% |
| Q1 FY27 net loss: | Rs 336 crore |
| QIP raised in June: | Rs 780 crore |