Ola Electric Defers Board Meeting on Rs 1,000 Crore Rights Issue
Ola Electric Mobility postponed its board meeting scheduled for October 5 to decide on a Rs 1,000 crore rights issue. The delay is due to awaiting in-principle approval from stock exchanges. The rights issue involves partly paid-up equity shares with a face value of Rs 10 each. CEO Bhavish Aggarwal pledged a 4.32% stake to participate in the issue.
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