Ola Electric Mobility approves rights issue
Ola Electric Mobility (NSE: OLAELEC) said it has approved rights issue. The company is valued at about ₹17,523 crore.
What happened
Ola Electric Mobility (NSE: OLAELEC) informed the stock exchanges on 28 September 2026 at 11:39 PM that it has approved rights issue.
Company snapshot
Ola Electric Mobility is a small-cap company in the Automobile and Auto Components sector, with a market value of about ₹17,523 crore.
The stock last traded at ₹37.86, against a 52-week range of ₹22.25–₹58.65 (35.5% below the high).
Before this filing the shares had moved +2.3% over the month and −12.1% over three months. Average daily turnover over the last 20 sessions was about ₹397 crore.
Promoters held 32.97% at the end of Q1 FY27. Foreign institutions owned 4.11% and domestic institutions 12.16%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 828 | -428 | -0.97 |
| Q2 FY26 | 690 | -418 | -0.95 |
| Q3 FY26 | 470 | -487 | -1.1 |
| Q4 FY26 | 265 | -500 | -1.13 |
| Q1 FY27 | 455 | -336 | -0.75 |
What history shows
BCEIE's records show 6 previous fund raising filings from the company since May 2026.
After those filings, the stock gained 1.7% on average the next trading day and was up 12.7% on average after five days (3 filings with price data).
Across 66 similar disclosures by other Automobile and Auto Components companies, shares moved +0.5% on average the next day and +0.4% over five days; 52% of them rose the next day.
Market-wide, 1,465 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.5%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 23 Sept 2026 | 'Company Statement'. | −8.1% | — |
| 4 Jun 2026 | Fund raising | +2.6% | +5.6% |
| 1 Jun 2026 | Fund raising | +10.7% | +19.8% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 28 September 2026: Board meeting — Fund Raising.
In the news
Recent coverage elsewhere (links open the original publisher):
- Ola Electric Share Price - Live NSE: OLAELEC Stock Price & Chart
- Ola Electric Mobility share price up almost 80% in 6 months - What is driving the stock? What should investors do?
- Ola Electric shares soar 10%, stock rallies 86% in 6 months. More upside ahead?
- Ola Electric zooms 10% on heavy volume; trades higher for 3rd straight day
- Ola Electric shares fall 9% after four-session rally; board to consider rights issue
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.