Ola Electric Mobility has announced the Exchange that the Board of Directors at its meeting held on September 28, 2026 has…
Ola Electric Mobility (OLAELEC) said it has announced the Exchange that the Board of Directors at its meeting held on September 28, 2026 has approved to issue equity shares on rights basis. The company is valued at about ₹17,523 crore.
What happened
Ola Electric Mobility (OLAELEC) told the exchanges on 28 September 2026 at 07:48 PM that it has announced the Exchange that the Board of Directors at its meeting held on September 28, 2026 has approved to issue equity shares on rights basis.
From the filing: "Ola Electric Mobility Limited has informed Exchange that the Board of Directors at its meeting held on September 28, 2026 has approved to issue equity shares on rights basis."
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 5 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.