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Corporate News

Ola Electric seeks to raise up to INR 1,500 crore via equity share issuance
06-Sep-2026, 12:42

Ola Electric Mobility Limited approved a resolution to raise up to INR 1,500 crore through the issuance of equity shares or convertible securities, and increased its authorized share capital from INR 8318,49,98,850 to INR 8721,87,34,420. The company also announced the resignation of Chief Operations Officer Hyun Shik Park, effective September 5, 2026, and the reappointment of Manoj Kumar Kohli and Shradha Sharma as independent directors for a second five-year term, commencing December 6, 2026, pending shareholder approval.